Power to remove difficulties
Section 242 of the Insolvency and Bankruptcy Code, 2016 deals with power to remove difficulties. If any difficulty arises in giving effect to the provisions of this Code, the Central Government may, by order, published in the Official Gazette, make such provisions not inconsistent with the provisions of this Code as may appear to be necessary for removing the difficulty: Provided that no order The Act was enacted on 28 May 2016.
(1) If any difficulty arises in giving effect to the provisions of this Code, the Central Government may, by order, published in the Official Gazette, make such provisions not inconsistent with the provisions of this Code as may appear to be necessary for removing the difficulty:
Provided that no order shall be made under this section after the expiry of five years from the commencement of this Code.
(2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament
Section 242, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).
Made under this section, and citing it
1 instrument states that it was made under this provision — the power to make it comes from here, so a change to any of them changes what this section requires in practice. Newest first.
Another 1 instrument names this provision in its title or its text without being made under it.
Questions about Section 242
What does Section 242 of the Insolvency and Bankruptcy Code deal with?
Section 242 of the Insolvency and Bankruptcy Code is headed "Power to remove difficulties". If any difficulty arises in giving effect to the provisions of this Code, the Central Government may, by order, published in the Official Gazette, make such provisions not inconsistent with the provisions of this Code as may appear to be necessary for removing the difficulty: Provided that no order
How do I find court cases under Section 242 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 242, section 242 Insolvency and Bankruptcy Code, section 242 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 242 of the Insolvency and Bankruptcy Code, and has it changed?
The rules and notifications made under it are where it actually bites, and there is one: most recently The Companies (Registered Valuers and Valuation) Third Amendment Rules, 2018 (2018).
When was Section 242 of the Insolvency and Bankruptcy Code enacted?
Section 242 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 242, 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
- 240. Power to make regulations2349 words
- 5. Definitions2326 words
- 3. Definitions1381 words
- 29A. Person not eligible to be resolution applicant1152 words
- 239. Power to make rules963 words
- 196. Powers and functions of Board942 words
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 21 Oct 2026. This page is not a substitute for legal advice.