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Insolvency & Bankruptcy Code (Amendment) Act 2018: President's Assent 18 Jan 2018

The Insolvency and Bankruptcy Code (Amendment) Act, 2018 received the assent of the President on the 18th January, 2018 and was notified by the Ministry of Law and Justice (Legislative Department) in the Extraordinary Gazette of India dated 19th January, 2018. It shall be deemed to have come into force on the 23rd day of November, 2017. The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017 has been repealed.

On 23rd November, 2017, the Government of India promulgated the Ordinance to amend the Insolvency and Bankruptcy Code, 2016 (the Code). Earlier the President of India had given his assent to the Ordinance to amend the Code.

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