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IBC 2016 Takes Precedence Over TNPID Act in Corporate Insolvency Cases Due to Section 238's Overriding Effect.

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....Corporate insolvency process - proceedings pending under the Tamil Nadu Protection of Interest of Depositors Act, 1997 (TNPID Act) - IBC, 2016 being a special legislation and by virtue of Section 238 of the IBC, 2016, shall overrides the provisions of TNPID Act.....

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