IBC 242 — Power to remove difficulties

Insolvency & Bankruptcy Code, 2016

Statutory text

(1) If any difficulty arises in giving effect to the provisions of this Code, the Central Government may, by order, published in the Official Gazette, make such provisions not  inconsistent  with  the  provisions  of  this  Code  as  may  appear  to  be  necessary  for  removing  the difficulty:
Provided  that  no  order  shall  be  made  under  this  section  after  the  expiry  of  five  years  from  the commencement of this Code.
(2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.

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