State any five laws that were amended by Insolvency and Bankruptcy Code, 2016.

CS Professional · Corporate Restructuring, Insolvency, Liquidation & Winding-up · PYQS · December 2022
State any five laws that were amended by Insolvency and Bankruptcy Code, 2016.

Answer & Explanation:

The Insolvency and Bankruptcy Code, 2016 amended the following 11 Acts: The Indian Partnership Act, 1932, The Central Excise Act, 1944, The Income-Tax Act, 1961, The Customs Act, 1962, The Recovery of Debts Due to Banks and Financial Institutions Act, 1993, The Finance Act, 1994, The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, The Sick Industrial Companies (Special Provisions) Repeal Act, 2003, The Payment and Settlement Systems Act, 2007, The Limited Liability Partnership Act, 2008, and The Companies Act, 2013

Topics: Insolvency and Bankruptcy Code, 2016

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