Repeal and savings: actions taken under the prior ordinance are deemed done under the subsequently amended insolvency code. The ordinance amending the Insolvency and Bankruptcy Code is repealed, but anything done or any action taken under the Code as amended by that ordinance shall be deemed to have been done or taken under the corresponding provisions of the Code as amended by this Act, preserving continuity and validating prior acts under the transitional framework.
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: actions taken under the prior ordinance are deemed done under the subsequently amended insolvency code.
The ordinance amending the Insolvency and Bankruptcy Code is repealed, but anything done or any action taken under the Code as amended by that ordinance shall be deemed to have been done or taken under the corresponding provisions of the Code as amended by this Act, preserving continuity and validating prior acts under the transitional framework.
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