MCA notifies certain Sections of Insolvency & Bankruptcy Code to be applicable from 15 Dec. 2016
The MCA has notified that provisions of Section 33 to Section 54 of the Insolvency and Bankruptcy Code, 2016 shall come into force w.e.f. 15 Dec. 2016, as under:
MCA Notification dt. 9 Dec. 2016 [F. N. 30/7/2016-Insolvency]
S.O. 3687(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby appoints the 15th day of December, 2016 as the date on which the provisions of section 33 to section 54 (both inclusive) of the said Code shall come into force.