https://www.taxtmi.com/acts?id=54044 Section 240 is amended to broaden and update rule-making powers under the Insolvency and Bankruptcy Code. The amendment inserts, substitutes, and omits multiple clauses in sub-section (2) to cover conditions, forms, manner, period, and procedural requirements for insolvency, resolution, liquidation, dissolution, creditor participation, insolvency professional consents and fees, valuation, distribution of proceeds, reporting, and related ancillary matters. en-us Tue, 07 Apr 2026 14:09:17 +0530 Tue, 07 Apr 2026 14:09:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54044 Section 240 is amended to broaden and update rule-making powers under the Insolvency and Bankruptcy Code. The amendment inserts, substitutes, and omits multiple clauses in sub-section (2) to cover conditions, forms, manner, period, and procedural requirements for insolvency, resolution, liquidation, dissolution, creditor participation, insolvency professional consents and fees, valuation, distribution of proceeds, reporting, and related ancillary matters. Act-Rules F. Acts / Amendment Acts Tue, 07 Apr 2026 14:09:17 +0530 https://www.taxtmi.com/acts?id=54044