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Provisions Of Fast Track Corporate Insolvency Resolution Process - Come Into Force

Ministry of Corporate Affairs in its notification dated 14th June, 2017 has notified sections 55 to 58 under Chapter IV [FAST TRACK CORPORATE INSOLVENCY RESOLUTION PROCESS] of the Insolvency and Bankruptcy Code 2016.

This has been done in exercise of the powers conferred by sub-section (3) of section 1 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016). The Central Government has appointed the 14th day of June, 2017 as the date on which the provisions of section 55 to section 58 (both inclusive) of the said Code shall come into force.

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