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TMI BlogAMENDMENTS TO RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 (51 of 1993)X X X X Extracts X X X X X X X X Extracts X X X X ..... itutions , the words , insolvency resolution and bankruptcy of individuals and partnership firms shall be inserted, namely:-. 2. In section 1,- (a) in sub-section (1), for the words Due to Banks and Financial Institutions the words and Bankruptcy shall be substituted; (b) in sub-section (4), for the words The provision of this Code , the words Save as otherwise provided, the pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... III of the Insolvency and Bankruptcy Code, 2016 . 5. In section 17, - (i) after sub-section (1), the following sub-section shall be inserted, namely :- (1A) Without prejudice to sub-section (1),- (a) the Tribunal shall exercise, on and from the date to be appointed by the Central Government, the jurisdiction, powers and authority to entertain and decide applications under Part III ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er that Code . 7. In section 20, in sub-section (4), after the word, brackets and figure sub-section (1) , the words, brackets and figures or under sub-section (1) of section 181 of the Insolvency and Bankruptcy Code, 2016 shall be inserted. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxm ..... X X X X Extracts X X X X X X X X Extracts X X X X
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