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<h1>Insolvency and Bankruptcy Code Sections Implemented on December 1, 2016, by Ministry of Corporate Affairs.</h1> The Central Government has designated December 1, 2016, as the commencement date for specific sections of the Insolvency and Bankruptcy Code, 2016. The sections coming into effect include clause (a) to clause (d) of section 2 (excluding voluntary liquidation or bankruptcy), sections 4 to 32, sections 60 to 77, section 198, section 231, sections 236 to 238, and clause (a) to clause (f) of sub-section (2) of section 239. This notification was issued by the Ministry of Corporate Affairs under the authority granted by sub-section (3) of section 1 of the Code.