Banking Exams Exam  >  Banking Exams Questions  >  Which Section of the Insolvency and Bankruptc... Start Learning for Free
Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920?
  • a)
    244
  • b)
    246
  • c)
    243
  • d)
    240
  • e)
    249
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the...
Section 243 of the Insolvency and Bankruptcy Code, 2016 (IBC) repealed the Presidency Towns Insolvency Act, 1909, and Provincial Insolvency Act, 1920. This section of the IBC specifically deals with the repeal and savings provisions related to the prior insolvency laws.
Repealing these acts was a significant step towards consolidating and modernizing the insolvency framework in India under a unified code, the IBC. The IBC provides a comprehensive and streamlined mechanism for insolvency resolution, liquidation, and bankruptcy proceedings for individuals, companies, and partnerships, replacing the earlier legislation governing insolvency.
Explore Courses for Banking Exams exam

Similar Banking Exams Doubts

Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920?a)244b)246c)243d)240e)249Correct answer is option 'C'. Can you explain this answer?
Question Description
Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920?a)244b)246c)243d)240e)249Correct answer is option 'C'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920?a)244b)246c)243d)240e)249Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920?a)244b)246c)243d)240e)249Correct answer is option 'C'. Can you explain this answer?.
Solutions for Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920?a)244b)246c)243d)240e)249Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
Here you can find the meaning of Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920?a)244b)246c)243d)240e)249Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920?a)244b)246c)243d)240e)249Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920?a)244b)246c)243d)240e)249Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920?a)244b)246c)243d)240e)249Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920?a)244b)246c)243d)240e)249Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
Explore Courses for Banking Exams exam

Top Courses for Banking Exams

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev