Insolvency framework amendment expands section 121 triggers by adding orders under section 106(1A) and revising section 118 reference. Section 121(1) is amended to broaden the statutory coverage of that provision. The reference in clause (c) to an order under section 118 is modified, and a new clause (d) is inserted to cover cases where an order has been passed by an Adjudicating Authority under sub-section (1A) of section 106. The amendment expands the set of conditions that activate section 121(1).
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.
Insolvency framework amendment expands section 121 triggers by adding orders under section 106(1A) and revising section 118 reference.
Section 121(1) is amended to broaden the statutory coverage of that provision. The reference in clause (c) to an order under section 118 is modified, and a new clause (d) is inserted to cover cases where an order has been passed by an Adjudicating Authority under sub-section (1A) of section 106. The amendment expands the set of conditions that activate section 121(1).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.