Insolvency and Bankruptcy Code (Second Amendment) Act, 2020

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....ived the assent of the President on the 23rd September, 2020 and is hereby published for general information:- THE INSOLVENCY AND BANKRUPTCY CODE (SECOND AMENDMENT) ACT, 2020 NO. 17 OF 2020 [23rd September, 2020.] An Act further to amend the Insolvency and Bankruptcy Code, 2016. BE it enacted by Parliament in the Seventy-first Year of the Republic of India as follows:- Short t....

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....ceeding one year from such date, as may be notified in this behalf: Provided that no application shall ever be filed for initiation of corporate insolvency resolution process of a corporate debtor for the said default occurring during the said period. Explanation.-For the removal of doubts, it is hereby clarified that the provisions of this section shall not apply to any default ....