Central · Act 31 of 2016

Section 242 — Power to remove difficulties.

The Insolvency and Bankruptcy Code, 2016.

Read in your languageअपनी भाषा में पढ़ें · Official source versions

Mapped language choices keep this section. Other choices are labelled ‘Complete act’ until section mappings are verified.

Only available official source versions are shown. Language labels come from source metadata or filenames.

STATUTORY TEXT
Find in this text
(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

आगे पढ़ें / Continue reading

Explore the next section or browse this act in the selected language.

Next · Section 243Repeal of certain enactments and savings. →All sections / सभी धाराएँThe Insolvency and Bankruptcy Code, 2016. →
More sections of this actSection 1 · Short title, extent and commencement.Section 2 · Application.Section 3 · Definitions.Section 4 · Application of this Part.Section 5 · Definitions.Section 6 · Persons who may initiate corporate insolvency resolution process.Section 7 · Initiation of corporate insolvency resolution process by financial creditor.Section 8 · Insolvency resolution by operational creditor.
Source and version

India Code, Government of India. Text fetched 09 Oct 2026. Source metadata reports last modification: 2024-07-25. Check the linked official text and subsequent notifications when applying a provision.

Share this section

Section 242 — Power to remove difficulties. | The Insolvency and Bankruptcy Code, 2016. | NYAYA SIGNAL

Share the card with this clickable reading link. पढ़ें और अगली धारा देखें।

NYAYA SIGNAL · Free access · Official source references

· Saves and reading positions stay on this device.