Under section 196(3) of the Insolvency and Bankruptcy Code, 2016, when the Insolvency and Bankruptcy Board of India summons persons or requires the production of books and documents, it has the same…

Section 196(3) of the Insolvency and Bankruptcy Code, 2016 gives the Board, for the matters it lists, the same powers as are vested in a civil court under the Code of Civil Procedure, 1908 while trying a suit, such as discovery and production of books, summoning and examining persons on oath and issuing commissions. The NCLT is the adjudicating authority under the Code, but the Board's investigative powers are not borrowed from it.