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

vlk/kkj.k EXTRAORDINARY Hkkx II — [k.M 1 PART II — Section 1 izkf/kdkj ls izdkf'kr PUBLISHED BY AUTHORITY 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 19th January, 2018/Pausha 29 , 1939 (Saka) The following Act of Parliament received the assent of the President on the 18th January, 2018, and is hereby published for general information:— THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ACT, 2017 NO. 8 OF 2018 [18th January, 2018.] An Act to amend the Insolvency and Bankruptcy Code, 2016. BE it enacted by Parliament in the Sixty-eighth Year of the Republic of India as follows:— (1) This Act may be called the Insolvency and Bankruptcy Code (Amendment) Act, 2018. It shall be deemed to have come into force on the 23rd day of November, 2017. 2. In the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the principal Act), in section 2,— 31 of 2016. (i) in clause (d), the word "and" shall be omitted; (ii) for clause (e), the following clauses shall be substituted, namely:— "(e) personal guarantors to corporate debtors; (f) partnership firms and proprietorship firms; and (g) individuals, other than persons referred to in clause (e),". Short title and commencement. Amendment of section 2. Amendment of section 5. 3. In section 5 of the principal Act,— (a) for clause (25), the following clause shall be substituted, namely:— '(25) "resolution applicant" means a person, who individually or jointly with any other person, submits a resolution plan to the resolution professional pursuant to the invitation made under clause (h) of sub-section (2) of section 25;'; (b) in claus