Section 249 of Insolvency and Bankruptcy Code, 2016 (IBC): Amendments of Act 51 of 1993

The Insolvency and Bankruptcy Code, 2016

Part-V Miscellaneous

Section 249: Amendments of Act 51 of 1993.

*249. The Recovery of Debts due to Banks and Financial Institutions Act, 1993 shall be amended in the manner specified in the Fifth Schedule.


*Only in so far as they relate to personal guarantors to corporate debtors, came into force w.e.f. 01.12.2019.

Access complete Bare Act here and Notification and Circular here.

IBC Laws specifically does not make any warranties or representations as to the accuracy, completeness or adequacy of any such Material or the same being up-to-date. IBC Laws periodically updates the Material on this Site whenever amendments are made by Parliament. Refer disclaimer here.

Leave a Reply

Your email address will not be published.