Section 41:
Determination of valuation of claims.
The liquidator shall determine the value of claims
admitted under section 40 in such manner as may be specified by the Board.
31/2016 - The Insolvency and Bankruptcy Code, 2016. ▶
Act Number: 31
Act Name: The Insolvency and Bankruptcy Code, 2016.
Year: 2016
Enactment Date: 2016-05-28
Long Title: 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.
Ministry: Ministry of Corporate Affairs
Department: