Legislative omission of insolvency code provisions removes specified sections from the principal Act. Section 25 of the Insolvency and Bankruptcy Code (Amendment) Act, 2026 provides for the omission of sections 38, 39, 40, 41 and 42 of the principal Act. ... Summary
Legislative omission of insolvency code provisions removes specified sections from the principal Act.
Section 25 of the Insolvency and Bankruptcy Code (Amendment) Act, 2026 provides for the omission of sections 38, 39, 40, 41 and 42 of the principal Act. The amendment deletes those provisions from the statutory text, removing them from the principal enactment by legislative omission.
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