Applicability of Insolvency and Bankruptcy Code, 2016 [ Section 2 ]

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....any company incorporated under the Companies Act, 2013 or under any previous company law; • (b) any other company governed by any special Act for the time being in force, except in so far as the said provisions are inconsistent with the provisions of such special Act; • (c) any Limited Liability Partnership incorporated under the Limited Liability Partnership Act, 2008; ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the application of the Code to a personal guarantor of a CD applies only for limited purpose contained in section 60(2) and (3). • This is what is meant by strengthening the CIRP in the Statement of Objects and Reasons of the Insolvency and Bankruptcy Code (Amendment) Act, 2018. Non-applicability of the Code • The Insolvency & Bankruptcy Code, 2016 is not applica....