Hkkx II — [k.M 1 — THE INSOLVENCY AND BANKRUPTCY CODE, 2016 Last Update 18-8-2021

31 of 2016. vlk/kkj.k EXTRAORDINARY Hkkx II — [k.M 1 PART II — Section 1 izkf/kdkj ls izdkf'kr PUBLISHED BY AUTHORITY lañ 45] ubZ fnYyh] eaxyokj] vxLr 6] 2019@Jko.k 15] 1941 ¼'kd½ No. 45] NEW DELHI, TUESDAY, AUGUST 6, 2019/SHRAVANA 15, 1941 (SAKA) bl Hkkx esa fHkUu i`"B la[;k nh tkrh gS ftlls fd ;g vyx ladyu ds :i esa j[kk tk ldsA Separate paging is given to this Part in order that it may be filed as a separate compilation. MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 06th August, 2019/Shravana 15 , 1941 (Saka) The following Act of Parliament received the assent of the President on the 5th August, 2019, and is hereby published for general information:— THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ACT, 2019 NO. 26 OF 2019 [5th August, 2019.] An Act further to amend the Insolvency and Bankruptcy Code, 2016. BE it enacted by Parliament in the Seventieth Year of the Republic of India as follows:— (1) This Act may be called the Insolvency and Bankruptcy Code (Amendment) Act, 2019. It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. In section 5 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the principal Act), in clause (26), the following Explanation shall be inserted, namely:–– " Explanation.––For the removal of doubts, it is hereby clarified that a resolution plan may include provisions for the restructuring of the corporate debtor, including by way of merger, amalgamation and demerger;". Short title and commencement. Amendment of section 5. 3. In section 7 of the principal Act, in sub-section (4), the following proviso shall be inserted, namely:–– Amendment of section 7. "Provided that if the Adjudicating Authority has not ascertained the existence of defa