Scheme to be Binding Omitted] Amendment (a) Omitted by Insolvency and Bankruptcy Code, 2016 Dated 15th November, 2016 Original Omitted Content– 263. Scheme to be Binding On and from the date of the coming into operation of the sanctioned scheme or any provision thereof, the scheme or such provision shall be binding on the sick company […]

Sanction of Scheme Omitted] Amendment 1 (a) Omitted by Insolvency and Bankruptcy Code, 2016 Dated 15th November, 2016. (b) The MCA Notification No. F.O. 3453(E) Dated 15th November, 2016, enforcing the related sections of Insolvency and Bankruptcy Code, 2016 Sanction of Scheme (1) The scheme prepared by the company administrator under section 261 shall be placed before the creditors of

Scheme of Revival and Rehabilitation Omitted] Amendment 1 (a) Omitted by Insolvency and Bankruptcy Code, 2016 Dated 15th November, 2016. (b) The MCA Notification No. F.O. 3453(E) Dated 15th November, 2016, enforcing the related sections of Insolvency and Bankruptcy Code, 2016 Original Omitted Content– 261 Scheme of Revival and Rehabilitation (1)The company administrator shall prepare or cause to be

Powers and Duties of Company Administrator Omitted] Amendment (a) Omitted by Insolvency and Bankruptcy Code, 2016 Dated 15th Nov, 2016. (b) The MCA Notification No. F.O. 3453(E) Dated 15th November, 2016, enforcing the related sections of Insolvency and Bankruptcy Code, 2016. Original Omitted Content– 260. Powers and Duties of Company Administrator. (1)The company administrator shall perform such

Appointment of Administrator Omitted] Amendment (a)Omitted by Insolvency and Bankruptcy Code , 2016 Dated 15th Nov, 2016 (b) The MCA Notification No. F.O. 3453(E) Dated 15th November, 2016, enforcing the related sections of Insolvency and Bankruptcy Code, 2016. Original Omitted Content– 259. Appointment of Administrator (1) The interim administrator or the company administrator, as the case may

Order of Tribunal Omitted] Amendment (a) Omitted by Insolvency and Bankruptcy Code, 2016., Dated 15th November, 2016. (b) The MCA Notification No. F.O. 3453(E) Dated 15th November, 2016, enforcing the related sections of Insolvency and Bankruptcy Code, 2016 Original Omitted Content– 258. Order of Tribunal. On the date of hearing fixed by the Tribunal and on consideration of

Committee of Creditors Omitted] Amendment 1(a) Omitted by Insolvency and Bankruptcy Code, 2016., Dated 15th November, 2016. (b) The MCA Notification No. F.O. 3453(E) Dated 15th November, 2016, enforcing the related sections of Insolvency and Bankruptcy Code, 2016 Original Omitted Content– 257. Committee of Creditors (1) The interim administrator shall appoint a committee of creditors with such

Appointment of Interim Administrator Omitted] Amendment (a)Omitted by Insolvency and Bankruptcy Code, 2016., Dated 15th November, 2016. (b) The MCA Notification No. F.O. 3453(E) Dated 15th November, 2016, enforcing the related sections of Insolvency and Bankruptcy Code, 2016 Original Omitted Content– 256.Appointment of Interim Administrator. (1)On the receipt of an application under section 254, the Tribunal shall,

Exclusion of certain time in computing period of limitation 1[Omitted] Amendment (a) Omitted by Insolvency and Bankruptcy Code, 2016., Dated 15th November, 2016. – [255. Notwithstanding anything contained in the Limitation Act, 1963 or in any other law for the time being in force, in computing the period of limitation specified for any suit or application in

Application for Revival and Rehabilitation Omitted] Amendment (a) Omitted by Insolvency and Bankruptcy Code, 2016., Dated 15th November, 2016. (b) The MCA Notification No. F.O. 3453(E) Dated 15th November, 2016 enforcing the related sections of Insolvency and Bankruptcy Code, 2016 Original Omitted Content– 254. Application for Revival and Rehabilitation. (1) On the determination of a company as a sick company by