Section 1
In section 11E, for the words, figures and brackets " and the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002 (54 of 2002) " , the words, figures and brackets " the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002 (54 of 2002) and the Insolvency and Bankruptcy Code, 2016 " shall be substituted.
1. In section 11E, for the words, figures and brackets " and the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002 (54 of 2002) " , the words, figures and brackets " the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002 (54 of 2002) and the Insolvency and Bankruptcy Code, 2016 " shall be substituted.
THE THIRD SCHEDULE
(See section 247)
AMENDMENT TO THE INCOME -TAX ACT, 1961
(43 OF 1961)
In sub -section (6) of section 178, after the words " for the time being in force " , the words and figures " except the provisions of the Insolvency and Bankruptcy Code, 2016 " shall be inserted.
THE FOURTH SCHEDULE
(See section 248)
AMENDMENT TO THE CUSTOMS ACT, 1962
(52 OF 1962)
In section 142A, for the words, figures and brackets " and the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002 (54 of 2002) " , the words , and figures and brackets " the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002 and the Insolvency and Bankruptcy Code, 2016 " shall be substituted.
THE FIFTH SCHEDULE
(See section 249)
AMENDMENTS TO THE RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993
(51 OF 1993)