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of <h1>Section 238 of Insolvency Code: Ensures its provisions override conflicting laws, affirming its supremacy in bankruptcy matters.</h1> Section 238 of the Insolvency and Bankruptcy Code, 2016 states that its provisions will prevail over any conflicting provisions in other existing laws or instruments derived from such laws. This ensures that the Code takes precedence in cases of inconsistency, reinforcing its authority in matters of insolvency and bankruptcy. The section came into effect on December 1, 2016.
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