5

10

1. (1) This Act may be called the Insolvency and Bankruptcy Code (Second Amendment) Act, 2020.

(2) It shall be deemed to have come into force on the 5th day of June, 2020.

2. After section 10 of the principal Act, the following section shall be inserted, namely:—

"10A. (1) Notwithstanding anything contained in sections 7, 9 and 10, no application for initiation of corporate insolvency resolution process of a corporate debtor shall be filed, for any default arising on or after 25th March, 2020 for a period of six months or such further period, not exceeding one year from such date, as may be notified in this behalf: