Tag Archives: Section – 53 of Insolvency and Bankruptcy Code 2016

Section – 53 of Insolvency and Bankruptcy Code 2016

By | December 11, 2016

Section – 53 of Insolvency and Bankruptcy Code 2016 [ Comes into Force w.e.f 15.12.2016 vide Notification No S.O. 3687(E) Dated 09.12.2016 ] Distribution of assets. 53. (1) Notwithstanding anything to the contrary contained in any law enacted by the Parliament or any State Legislature for the time being in force, the proceeds from the… Read More »