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of <h1>Companies Act insolvency-related amendments u/s 255 and Eleventh Schedule take effect, aligning rules with bankruptcy framework.</h1> Section 255 mandates that the Companies Act, 2013 is amended in accordance with the amendments set out in the Eleventh Schedule to the Insolvency and Bankruptcy Code, 2016. This provision gives statutory effect to the specified consequential and related modifications to the Companies Act, 2013, aligning its provisions with the insolvency and bankruptcy framework from the commencement of this section.
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