Question
Which of the following enactments has not been amended
as part of the Insolvency and Bankruptcy Code, 2016?Solution
Acts repealed by the IBC are: - Presidency Towns Insolvency Act, 1909 Provincial Insolvency Act, 1920 IBC led to the amendment of 11 Legislations: - The Indian Partnership Act, 1932 The Central Excise Act, 1944 Â The Income-tax Act, 1961 The Finance Act, 1994 The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 The Sick Industrial Companies (Special Provisions) Repeal Act, 2003 The Payment and Settlement Systems Act, 2007 The Limited Liability Partnership Act, 2008 The Companies Act, 2013
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