puneet Archive

Implication of CIRP suspension on IBC ecosystem

The Ministry of Law and Justice, on 5th June, 2020 notified the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 as promulgated by the President. By virtue of the IBC (Amendment) Ordinance, Section 10A has been inserted in the Insolvency and Bankruptcy Code, 2016 with the object to suspend the operation of Section 7, 9 and …