IBBI LIE MCQs and Case Law Compendium (Second Edition 2026)
Timed practice tests on prepmaterial.in and the Second Edition 2026 eBook.
By Prakash K. Pandya · Advocate, Insolvency Professional & Accredited Mediator
Three ways to prepare for the IBBI LIE
Prices in Indian rupees. No extra taxes or charges are added at checkout.
LIE MCQs
Online practice on prepmaterial.in
- 180 questions in two banks of 90: case-law and application
- 16 timed tests: topic tests plus a full 90-minute mock for each bank
- Bonus Practice Scenarios from recent court rulings, with further sets added from time to time during your access
- Answers and explanations at the end of each test
- Access for 6 months or 2 attempts per test, whichever is earlier
After paying: Razorpay emails your receipt, and within a few minutes we email your prepmaterial.in login (set your password from that email) and the link to your quizzes. Please check your spam folder too.
Case Law Compendium eBook
Second Edition 2026 · individual licence
- Structured analysis of 90 decisions for the Limited Insolvency Examination
- Facts, issue, ratio, limits and exam application for each decision
- Personalised PDF licensed to you and sent by email
- See what is inside the eBook
After paying: Razorpay emails your receipt, and your personalised eBook is sent to the same email address, normally within minutes (at most within 24 hours). Please check your spam folder too.
MCQs + eBook
Save ₹249 against buying both separately
- Everything in LIE MCQs
- Everything in the Case Law Compendium eBook
- Learn the decisions, then test yourself on them
After paying: Razorpay emails your receipt; within a few minutes we email your prepmaterial.in login and quiz link, and your personalised eBook follows by email, normally within minutes (at most within 24 hours).
Try one quiz first
Case-Law Bank Topic 3 (Moratorium and Personal Guarantors): 8 timed questions, 8 minutes, up to 2 attempts, with explanations and your score with negative marking. Access for 7 days. Upgrade to all 16 quizzes within the 7 days and the ₹49 is credited.
After paying: Razorpay emails your receipt, and within a few minutes we email your prepmaterial.in login (set your password from that email) and the link to your trial quiz. Please check your spam folder too.
How access works after you pay
Click your plan’s button and pay by UPI, card or net banking. Enter your email, mobile number and full name. Please use the email address you check regularly.
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Your personalised eBook is sent by email to the address you entered, normally within minutes (at most within 24 hours).
Preparing for the IBBI Limited Insolvency Examination
The Limited Insolvency Examination (LIE) is conducted by the Insolvency and Bankruptcy Board of India (IBBI). These materials are built around decided case law under the Insolvency and Bankruptcy Code, 2016. The Case Law Compendium eBook helps you learn each decision (facts, issue, ratio, limits and how it is tested), and the timed MCQs on prepmaterial.in let you check what you have retained, in a case-law bank and an application bank of 90 questions each.
About the author. Prakash K. Pandya is an Advocate, Insolvency Professional & Accredited Mediator (IBBI Reg. No. IBBI/IPA-002/IP-N00201/2017-18/10587), practising before the Bombay High Court, NCLT, NCLAT and TDSAT. See pkpandya.com for the Chamber’s work in insolvency and corporate restructuring.
IBBI LIE MCQs and eBook: frequently asked questions
180 questions in two banks of 90 (case-law and application), delivered as 16 timed tests: topic tests plus a full 90-minute mock for each bank. Answers and explanations appear at the end of each test, and Practice Scenarios from recent court rulings are included as a bonus.
Access runs for 6 months or 2 attempts per test, whichever is earlier.
The Second Edition 2026 gives a structured analysis of 90 decisions for the Limited Insolvency Examination: facts, issue, ratio, limits and exam application for each decision. It is a personalised PDF licensed to you and sent by email.
Yes. The ₹49 trial gives you Case-Law Bank Topic 3 (Moratorium and Personal Guarantors): 8 timed questions, 8 minutes, up to 2 attempts, with explanations and a score with negative marking. Access lasts 7 days, and if you upgrade to all 16 quizzes within those 7 days the ₹49 is credited.
Your prepmaterial.in login and quiz link are emailed within a few minutes. The personalised eBook is sent to the same email address, normally within minutes and at most within 24 hours. Check your spam folder too.
The combined plan costs ₹2,999 against ₹3,248 if bought separately, a saving of ₹249.
Terms and help
- The MCQs are hosted on prepmaterial.in; payment is received by the Chamber of Prakash K. Pandya.
- Please read the Terms of Use, Refund Policy and Privacy Policy before you buy. The eBook licence terms also apply to the eBook.
- Questions about the tests? See the FAQs.
Did not receive an email within a few hours? Check your spam folder, then write to support@prepmaterial.in (or pkpandya.ebook@gmail.com) or call +91 95949 82134 with your Razorpay payment ID.