Section 231
Bar of jurisdiction.
The Insolvency and Bankruptcy Code, 2016.
About this Act
An Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alteration in the order of priority of payment of Government dues and to establish an Insolvency and Bankruptcy Board of India, and for matters connected therewith or incidental thereto.
No civil court shall have jurisdiction in respect of any matter in which the
1[ Adjudicating Authority or the Board] is empowered by, or under, this Code to pass any order and no injunction shall be
granted by any court or other authority in respect of any action taken or to be taken in pursuance of any
order passed by such [Adjudicating Authority or the Board] under this Code.
Notes
1 Subs. by Act 26 of 2018, s. 33, for "Adjudicating Authority" (w.e.f. 6-6-2018).