Repeal and savings: ordinance repeal but prior actions deemed valid under corresponding amended Code provisions. Section 40 repeals the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, and deems anything done or any action taken under the Code as amended by that Ordinance to be treated as having been done under the corresponding provisions of the Code as amended by this Act, preserving continuity and legal validity of prior acts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repeal and savings: ordinance repeal but prior actions deemed valid under corresponding amended Code provisions.
Section 40 repeals the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, and deems anything done or any action taken under the Code as amended by that Ordinance to be treated as having been done under the corresponding provisions of the Code as amended by this Act, preserving continuity and legal validity of prior acts.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.