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Home Acts & Rules Finance Act / Amendment Acts Amendment Acts THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE, 2021 This
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Section 3 - Amendment of section 5. - THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE, 2021

Extract

..... uo; shall be inserted; (iii) in clause (11), after the words “corporate insolvency resolution process”, the words “or prepackaged insolvency resolution process, as the case may be” shall be inserted; (iv) in clause (15), after the words, “process period”, the words “or by the corporate debtor during the pre-packaged insolvency resolution process period, as the case may be,” shall be inserted; (v) in clause (19), after the words “for the purpo .....

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Section 3 - Amendment of section 5. - THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE, 2021

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..... of section 54F; (c) any costs incurred by the resolution professional in running the business of the corporate debtor as a going concern pursuant to an order under sub-section (2) of section 54J; (d) any costs incurred at the expense of the Government to facilitate the pre-packaged insolvency resolution process; and (e) any other costs as may be specified; (23D) “pre-packaged insolvency resolution process period” means the period beginning from the pre-packaged insolvency commenceme .....

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Section 3 - Amendment of section 5. - THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE, 2021

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