Voluntary liquidation provisions commence retrospectively from the first of April 2017 under IBC authority as a procedural measure. The Central Government, under the Insolvency and Bankruptcy Code, 2016, appoints 1 April 2017 as the date on which the provisions of clause (a) to clause (d) of section 2 relating to voluntary liquidation and bankruptcy shall come into force, with an explanatory memorandum certifying the retrospective effect as procedural and not adversely affecting anyone.
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.
Voluntary liquidation provisions commence retrospectively from the first of April 2017 under IBC authority as a procedural measure.
The Central Government, under the Insolvency and Bankruptcy Code, 2016, appoints 1 April 2017 as the date on which the provisions of clause (a) to clause (d) of section 2 relating to voluntary liquidation and bankruptcy shall come into force, with an explanatory memorandum certifying the retrospective effect as procedural and not adversely affecting anyone.
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