The Ministry of Corporate Affairs (MCA) has announced a three-month extension for Section 10A of the Insolvency and Bankruptcy Code, 2016. This extension, effective from 25th December 2020, continues the provisions related to insolvency proceedings. The notification was issued by the Central Government.
The Ministry of Corporate Affairs has notified a further period of three months from 25th December 2020 for section 10A of the Insolvency and Bankruptcy Code, 2016. Read the official notification below:
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 22nd December, 2020
S.O.
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FAQ :
The Ministry of Corporate Affairs has notified a further period of three months from 25th December 2020 for Section 10A of the Insolvency and Bankruptcy Code, 2016.
The extension comes into effect from 25th December 2020.
The extension is for a period of three months.
Section 10A of the Insolvency and Bankruptcy Code, 2016 is affected by this notification.
The notification was issued by the Central Government in exercise of the powers conferred by Section 10A of the Insolvency and Bankruptcy Code, 2016.