Insolvency period wording clarified to run from the initiation date to the insolvency commencement date. Section 43 is amended in sub-section (4), clauses (a) and (b), by replacing the words 'period of' with 'period starting from' and substituting 'insolvency commencement date' with 'initiation date and ending on the insolvency commencement date'. The amendment clarifies the temporal formulation used in the provision and specifies that the relevant period runs from the initiation date up to the insolvency commencement date.
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Provisions expressly mentioned in the judgment/order text.
Insolvency period wording clarified to run from the initiation date to the insolvency commencement date.
Section 43 is amended in sub-section (4), clauses (a) and (b), by replacing the words "period of" with "period starting from" and substituting "insolvency commencement date" with "initiation date and ending on the insolvency commencement date". The amendment clarifies the temporal formulation used in the provision and specifies that the relevant period runs from the initiation date up to the insolvency commencement date.
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