IBBI Notifies Applicability Date of Certain Sections of Bankruptcy Code, 2016

Insolvency and Bankruptcy Board of India (IBBI)/ Ministry of Corporate Affairs (MCA) Notifies Applicability Date of Certain Sections of Insolvency and Bankruptcy Code, 2016; Section 59, 209 to 215, 216(1), 234 and 235 applicable w.e.f. 1 Apr. 2017

IBBI/ MCA Notification dt. 30 Mar. 2017

S.O. 1005(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 1st April, 2017 as the date on which the provisions of the following sections of the said Code shall come into force:

(1) section 59;

(2) section 209 to section 215 (both inclusive);

(3) sub-section (1) of section 216; and

(4) section 234 and section 235.

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