RSTV: THE BIG PICTURE- INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) BILL, 2020
Introduction: Parliament passed amendments to the insolvency law that will help safeguard successful bidders of insolvent companies from the risk of criminal proceedings for offences committed by previous promoters. The Insolvency and Bankruptcy Code (Amendment) Bill, 2020 was passed by voice vote in Rajya Sabha. It was approved by Lok Sabha on March 6. …
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