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of <h1>Insolvency and Bankruptcy Code, 2016, removes Section 269 of Companies Act, 2013, ending rehabilitation fund for sick companies.</h1> Section 269 of the Companies Act, 2013, concerning the revival and rehabilitation of sick companies, was omitted by the Insolvency and Bankruptcy Code, 2016. Previously, it established a Rehabilitation and Insolvency Fund to support the rehabilitation, revival, and liquidation of financially troubled companies. The Fund was to be financed by government grants, company contributions, other sources, and investment income. Companies contributing to the Fund could apply to withdraw their contributions during insolvency proceedings for specific purposes. The Fund was to be managed by an administrator appointed by the Central Government.
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