Modification of law of insolvency
122.  Notwithstanding anything to the contrary in this Act, the Companies Act and the Insolvency, Restructuring and Dissolution Act 2018 —
(a)any sale, transfer, assignment or other disposition of any property or business of a pertinent financial institution pursuant to section 58 or 64 must not be reversed, repaid or set aside, except where a certificate has been issued under section 62 to reverse such sale, transfer, assignment or other disposition; and
[Act 31 of 2017 wef 29/10/2018]
(b)no order shall be made by any court for the rectification or stay of any such sale, transfer, assignment or other disposition.
[Act 31 of 2017 wef 04/06/2018]
[Act 9 of 2013 wef 18/04/2013]
[Act 40 of 2018 wef 30/07/2020]