Difficulty-removal power under insolvency law allows government orders, subject to a five-year limit from commencement. The Insolvency and Bankruptcy Code is amended to empower the Central Government to remove difficulties arising in giving effect to the Code as amended by ... Summary
Difficulty-removal power under insolvency law allows government orders, subject to a five-year limit from commencement.
The Insolvency and Bankruptcy Code is amended to empower the Central Government to remove difficulties arising in giving effect to the Code as amended by the Insolvency and Bankruptcy Code (Amendment) Act, 2026. The Government may issue an Official Gazette order making provisions not inconsistent with the Code if necessary or expedient for removing such difficulty, subject to a five-year time limit from commencement of the Amendment Act.
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