Section 249: Amendment of Act 51 of 1993

Q: What is धारा 249 IBC?

धारा 249 IBC is the Devanagari Hindi reference for Section 249 of the The Insolvency and Bankruptcy Code, 2016. Section 249 of The Insolvency and Bankruptcy Code, 2016 (IBC) governs amendment of Act 51 of 1993. As verified on 21 May 2026.

Q: What is Dhara 249 IBC?

Dhara 249 IBC is the Roman Hindi reference for Section 249 of the The Insolvency and Bankruptcy Code, 2016. "Dhara" means "Section" in Hindi. Section 249 of The Insolvency and Bankruptcy Code, 2016 (IBC) governs amendment of Act 51 of 1993. As verified on 21 May 2026.

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Friday, 22 May 2026

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Table of Contents

The Insolvency and Bankruptcy Code, 2016

Chapter XXIV — Part V — Miscellaneous

Section 249

Amendment of Act 51 of 1993

Quick Answer

What is Section 249 of The Insolvency and Bankruptcy Code, 2016 (IBC)?

Section 249 of the The Insolvency and Bankruptcy Code, 2016 (IBC) pertains to “Amendment of Act 51 of 1993”. Also referred to as Dhara 249 IBC or IBC Sec 249.

Act: The Insolvency and Bankruptcy Code, 2016

Section

249 – Amendment of Act 51 of 1993

Chapter

Chapter XXIV — Part V — Miscellaneous

Status

● In Force

Jurisdiction

Republic of India

Hindi

धारा 249 IBCDhara 249 IBC

Verified by editorial team on Pending · Last system check: 21 May 2026

Reviewed by LOTS Editorial Board · Last verified 21 May 2026

Key Facts & Information

Enactment DateUnknown

Scope & ContextThis provision forms part of the The Insolvency and Bankruptcy Code, 2016.

The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 shall be amended in the manner specified in the Eleventh Schedule.

Frequently Asked Questions

What does Section 249 of The Insolvency and Bankruptcy Code, 2016 deal with?

Section 249 IBC pertains to "Amendment of Act 51 of 1993". It is part of the The Insolvency and Bankruptcy Code, 2016, a legislation enacted by the Parliament of India.

Is Section 249 IBC still in force?

Yes, Section 249 of the The Insolvency and Bankruptcy Code, 2016 is currently in force across the Republic of India.

What is Dhara 249 IBC in Hindi?

Dhara 249 IBC is the Hindi reference for Section 249 of the The Insolvency and Bankruptcy Code, 2016. "Dhara" (धारा) means "Section" in Hindi legal terminology.

How to cite Section 249 of The Insolvency and Bankruptcy Code, 2016?

Cite as: "Section 249, The Insolvency and Bankruptcy Code, 2016 (IBC)" in legal briefs. For academic writing, use the BlueBook format.