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of <h1>Central Government Enforces Key Sections of Insolvency and Bankruptcy Code Effective November 1, 2016.</h1> The Central Government has designated November 1, 2016, as the effective date for the enforcement of specific sections of the Insolvency and Bankruptcy Code, 2016. The sections coming into force include various clauses of section 3, sections 196, 197, 223, and several subsections of sections 239 and 240. Additionally, sections 244, 246 to 248, section 250, and section 252 are also included. This notification was issued by the Ministry of Corporate Affairs under the authority granted by the Code.
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