MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th November, 2016 S.O. 3591(E).—In exercise of the powers conferred by sub-section (4) of section 419 of the Companies Act, 2013 (18 of 2013), read with clause (1) of section 5 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to as the Code),… Read More »
Section 238 of Insolvency and Bankruptcy Code 2016 [ Note : Section 238 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Provisions of this Code to override other laws. 238. The provisions of this Code shall have effect, notwithstanding anything inconsistent therewith contained in any other law for… Read More »
Section 237 of Insolvency and Bankruptcy Code 2016 [ Note : Section 237 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Appeal and revision. 237. The High Court may exercise, so far as may be applicable, all the powers conferred by Chapters XXIX and XXX of the Code… Read More »
Section 236 of Insolvency and Bankruptcy Code 2016 [ Note : Section 236 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Trial of offences by Special Court. 236. (1) Notwithstanding anything in the Code of Criminal Procedure, 1973 (2 of 1974), offences under of this Code shall be… Read More »
Section 231 of Insolvency and Bankruptcy Code 2016 [ Note : Section 231 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Bar of jurisdiction. 231. No civil court shall have jurisdiction in respect of any matter in which the Adjudicating Authority is empowered by, or under, this Code… Read More »
Section 198 of Insolvency and Bankruptcy Code 2016 [ Note : Section 198 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Condonation of delay. 198. Notwithstanding anything contained in this Code, where the Board does not perform any act within the period specified under this Code, the relevant… Read More »
Section 77 of Insolvency and Bankruptcy Code 2016 [ Note : Section 77 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Punishment for providing false information in application made by corporate debtor. 77. Where— (a) a corporate debtor provides information in the application under section 10 which is… Read More »
Section 76 of Insolvency and Bankruptcy Code 2016 [ Note : Section 76 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Punishment for non-disclosure of dispute or repayment of debt by operational creditor. 76. Where— (a) an operational creditor has wilfully or knowingly concealed in an application under… Read More »
Section 75 of Insolvency and Bankruptcy Code 2016 [ Note : Section 75 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Punishment for false information furnished in application. 75. Where any person furnishes information in the application made under section 7, which is false in material particulars, knowing… Read More »
Section 74 of Insolvency and Bankruptcy Code 2016 [ Note : Section 74 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Punishment for contravention of moratorium or the resolution plan. 74. (1) Where the corporate debtor or any of its officer violates the provisions of section 14, any… Read More »