Commencement flexibility under Insolvency and Bankruptcy Code allows phased enforcement of provisions by the central government. The Insolvency and Bankruptcy Code, 2016 extends to the whole of India and authorises the Central Government to appoint different commencement dates for ... Summary
Commencement flexibility under Insolvency and Bankruptcy Code allows phased enforcement of provisions by the central government.
The Insolvency and Bankruptcy Code, 2016 extends to the whole of India and authorises the Central Government to appoint different commencement dates for different provisions, so that any reference to commencement in those provisions is a reference to the date appointed; notifications have been issued bringing specific sections and selected clauses into force at different times, reflecting a phased activation of the Code.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.