Section 243 of IBC : Section 243: Repeal Of Certain Enactments And Savings
IBC
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Explanation using Example
Imagine that a business owner in Mumbai filed for insolvency under the Presidency Towns Insolvency Act, 1909, and the case was pending in court. On the day the Insolvency and Bankruptcy Code, 2016 came into effect, the laws from 1909 and 1920 were repealed. According to Section 243 of t...
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