Appeal and revision Section 237: Appeal and revision. *237. The High Court may exercise, so far as may be applicable, all the powers conferred by Chapters XXIX and XXX of the Code of Criminal Procedure, 1973 on a High Court, as if a Special Court within the local limits of the jurisdiction of the High … Read more
Trial of offences by Special Court Section 236: Trial of offences by Special Court. *236. (1) Notwithstanding anything in the Code of Criminal Procedure, 1973, offences under this Code shall be tried by the Special CourtJ1 established under Chapter XXVIII of the Companies Act, 2013. (2) No Court shall take cognizance of any offence punishable … Read more
Punishment where no specific penalty or punishment is provided Section 235A: Punishment where no specific penalty or punishment is provided. 1[235A. If any person contravenes any of the provisions of this Code or the rules or regulations made thereunder for which no penalty or punishment is provided in this Code, such person shall be punishable … Read more
Letter of request to a country outside India in certain cases Section 235: Letter of request to a country outside India in certain cases. *235. (1) Notwithstanding anything contained in this Code or any law for the time being in force if, in the course of insolvency resolution process, or liquidation or bankruptcy proceedings, as … Read more
Agreements with foreign countries Section 234: Agreements with foreign countries. *234. (1) The Central Government may enter into an agreement with the Government of any country outside India for enforcing the provisions of this Code. (2) The Central Government may, by notification in the Official Gazette, direct that the application of provisions of this Code … Read more
Protection of action taken in good faith Section 233: Protection of action taken in good faith. *233. No suit, prosecution or other legal proceeding shall lie against the Government or any officer of the Government, or the Chairperson, Member, officer or other employee of the Board or an insolvency professional or liquidator for anything which … Read more
Members, officers and employees of Board to the public servants Section 232: Members, officers, and employees of Board to the public servants. *232. 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 … Read more
Bar of jurisdiction Section 231: Bar of jurisdiction. *231. 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 … Read more
Delegation Section 230: Delegation. *230. The Board may, by general or special order in writing delegate to any member or officer of the Board subject to such conditions, if any, as may be specified in the order, such of its powers and functions under this Code (except the powers under section 240 as it may … Read more
Annual report Section 229: Annual report. *229. (1) The Board shall prepare, in such form and at such time in each financial year as may be prescribed, its annual report, giving a full account of its activities during the previous financial year, and submit a copy thereof to the Central Government. (2) A copy of … Read more