Section241
The Insolvency and Bankruptcy Code, 2016

Rules and regulations to be laid before Parliament

In force Act 31 of 2016 As on 24 Oct 2026

Act 31 of 2016 Ministry Corporate Affairs Enacted 28 May 2016 Instruments 1

Section 241 of the Insolvency and Bankruptcy Code, 2016 deals with rules and regulations to be laid before Parliament. Every rule and every regulation made under this Code shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of The Act was enacted on 28 May 2016.

Every rule and every regulation made under this Code shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or regulation or both Houses agree that the rule or regulation should not be made, the rule or regulation shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule or regulation.

Section 241, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).

Made under this section, and citing it

1 instrument names this provision in its title or its text without being made under it.

All subordinate legislation

Questions about Section 241

What does Section 241 of the Insolvency and Bankruptcy Code deal with?

Section 241 of the Insolvency and Bankruptcy Code is headed "Rules and regulations to be laid before Parliament". Every rule and every regulation made under this Code shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of

How do I find court cases under Section 241 of the Insolvency and Bankruptcy Code?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Insolvency and Bankruptcy Code 241, section 241 Insolvency and Bankruptcy Code, section 241 of the Insolvency and Bankruptcy Code. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 241 of the Insolvency and Bankruptcy Code, and has it changed?

One instrument names it without being made under it, most recently Commencement of Sections under Chapter VII of Part IV and sections under Part V of the Code (2016).

When was Section 241 of the Insolvency and Bankruptcy Code enacted?

Section 241 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 241, was enacted on 28 May 2016 as Act 31 of 2016. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 24 Oct 2026. This page is not a substitute for legal advice.