Section 232
Members, officers and employees of Board to the public servants.
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.
The Chairperson,
Members, officers and other employees of the Board shall be deemed, when acting or purporting to act in
pursuance of any of the provisions of this Code, to be public servants within the meaning of section 21 of
the Indian Penal Code (45 of 1860).