Omission of Explanation to section 77 removes the explanatory proviso from the principal Act under the amendment. The Insolvency and Bankruptcy Code (Amendment) Act, 2021 removes the Explanation appended to section 77 of the principal Act, effecting a direct textual ... Summary
Omission of Explanation to section 77 removes the explanatory proviso from the principal Act under the amendment.
The Insolvency and Bankruptcy Code (Amendment) Act, 2021 removes the Explanation appended to section 77 of the principal Act, effecting a direct textual omission that eliminates the explanatory proviso and leaves the section without that explanatory language in the amended statute.
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