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of <h1>Insolvency and Bankruptcy Code 2016: Sections 3, 221-226, 230-233, 239-242 Effective from August 19, 2016.</h1> The Central Government has designated August 19, 2016, as the commencement date for specific sections of the Insolvency and Bankruptcy Code, 2016. The sections coming into force include various clauses under section 3, as well as sections 221, 222, 225, 226, 230, 232, 233, and parts of sections 239, 240, 241, and 242. This notification was issued by the Ministry of Corporate Affairs under the authority granted by the Code.
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