https://www.taxtmi.com/acts?id=31018 Section 40 of the Insolvency and Bankruptcy Code, 2016, dealing with admission or rejection of claims in the liquidation process, has been omitted. The earlier provision allowed the liquidator, after verification of claims under section 39, to admit or reject a claim in whole or in part, required written reasons for any rejection, and required communication of the decision to the creditor and corporate debtor within seven days. en-us Tue, 02 Jan 2018 14:22:25 +0530 Tue, 26 May 2026 11:47:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31018 Section 40 of the Insolvency and Bankruptcy Code, 2016, dealing with admission or rejection of claims in the liquidation process, has been omitted. The earlier provision allowed the liquidator, after verification of claims under section 39, to admit or reject a claim in whole or in part, required written reasons for any rejection, and required communication of the decision to the creditor and corporate debtor within seven days. Act-Rules IBC Tue, 02 Jan 2018 14:22:25 +0530 https://www.taxtmi.com/acts?id=31018