Section 29 - Amendment of section 60 - Insolvency and Bankruptcy Code (Second Amendment) Act, 2018

Amendment of section 60 29 . In section 60 of the principal Act ,- (a) in sub-section (2), for the words bankruptcy of a personal guarantor of such corporate debtor , the words liquidation or bankruptcy of a corporate guarantor or personal guarantor, as the case may be, of such corporate debtor shall be substituted; (b) in sub-section (3), for the words bankruptcy proceeding of a personal guarantor of the corporate debtor , the words liquidation or bankruptcy proceeding of a corporate guarantor or personal guarantor, as the case may be, of the corporate debtor shall be substituted.