Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 was promulgated on December 28, 2019, which amended the Insolvency and Bankruptcy Code (IBC), 2016.
- The Amendment Act has brought amendment, omission or addition in Sections 5(12), 5(15), 7, 11, 14, 16(1), 21(2), 23(1), 29A, 227, 239, 240. It also inserted a new Section 32A in the Code.
Objectives
- To provide last mile funding to corporate debtor to prevent insolvency in case company goes into Corporate Insolvency Resolution Process (CIRP) or liquidation.
- To provide immunity against prosecuting corporate debtor.
- To prevent action against the property of corporate debtor or the successful resolution application subject to ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Software Technology Parks of India (STPI)
- 2 Tezpur Litchi
- 3 Kishau Multi-Purpose Dam Project
- 4 Sitapur 250 MW Solar-BESS Project
- 5 Kirthai-II Hydroelectric Project
- 6 Khurasani Imli
- 7 Abhilasha Biofuel (ABF)
- 8 Price Stabilization Fund for Scheduled Indian Airlines
- 9 Land Port Management System
- 10 Global Wind Day 2026 Conference
