(7)o4/0007/2003 _20 — THE INSOLVENCY AND BANKRUPTCY CODE, 2016 Last Update 18-8-2021

rZ ro Uc7o_ (7)o4/0007/2003 _20 REGISTERED NO. DL -(N)04/0007/2003_20 9RT 4615F 77 @he Gazette of Sndia H.t-3.va-31-23092020-221917 CG-DL-E-23092020-221917 3THMRU EXTRAORDINARY HMT II = *ug PART II Section 1 TifuaT 4 Yanfia PUBLISHED BY AUTHORITY 42] #faoq7, JYaR, RT 23, 2020/3aF 1, 1942 (?a5) No. 42] NEW DELHI, WEDNESDAY, SEPTEMBER 23, 2020/ASVINA 1, 1942 (SAKA) HT #f+7963 7CM & via & fn f85 4& 3T6T TaF67 % 79 # 7e * 7o5 Separate paging is given to this Part in order that it may be filed as a separate compilation. MINISTRY OF LAWAND JUSTICE (Legislative Department) New Delhi, the 23rd September; 2020/Asvina 1, 1942 (Saka) The following Act of Parliament received the assent of the President on the 23rd September, 2020 and is hereby published for general information: THE INSOLVENCY AND BANKRUPTCY CODE (SECOND AMENDMENT) ACT;, 2020 No. 17 OF 2020 [23rd September; 2020.] An Act further to amend the Insolvency and Bankruptcy Code, 2016. BE it enacted by Parliament in the Seventy-first Year of the Republic of India as follows: 1. (1) This Act may be called the Insolvency and Bankruptcy Code (Second Short title and Amendment) Act; 2020. commencement. (2) It shall be deemed to have come into force on the Sth day of June, 2020. 2. After section 10 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred Insertion of new to as the principal Act), the following section shall be inserted, namely: section IOA- 1OA. Notwithstanding anything contained in sections 7, 9 and 10,no application Suspension of for initiation of corporate insolvency resolution process of corporate debtor shall initiation of be filed, for any default arising 0n or after 2Sth March, 2020 for a period of six months corporate insolvency or such further period, not exceeding one year from such date, as m