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AMENDMENTS TO RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 (51 of 1993)

SCH 05 - Act - Schedules - Insolvency and Bankruptcy Code, 2016 - SCH 05 - THE FIFTH SCHEDULE (See section 249) 1. In the long title, after the words "financial institutions", the words ", insolvency resolution and bankruptcy of indivi .....

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4), for the words " The provision of this Code", the words "Save as otherwise provided, the provisions of this Code", shall be substituted. 3. In section 3, after sub-section (1), the following sub-section shall be inserted, namel .....

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such Tribunal by or under the Insolvency and Bankruptcy Code, 2016". 4. In section 8, after sub-section (1) , the following section shall be inserted, namely :- "(1A) The Central Government shall, by notification, establish such number of D .....

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ub-section (1), the following sub-section shall be inserted, namely :- "(1A) Without prejudice to sub-section (1),- (a) the Tribunal shall exercise, on and from the date to be appointed by the Central Government, the jurisdiction, powers and aut .....

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