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8February 2018
 |
Parliament (The Total Investment & Insurance Solutions)
The
Union Cabinet chaired by the Prime Minister Narendra Modi has given Ex-post
facto approval to the modifications carried out in the replacement Bill, which
replaced the Insolvency and Bankruptcy Code (Amendment) Bill 2017, and which
has been passed by the Parliament as the Insolvency and Bankruptcy Code
(Amendment) Act, 2018.
The amendment will bring clarity and ensure that the prohibition of certain persons in the resolution process of an insolvent corporate person does not include unintended persons and the opportunity given to a person whose account is classified as the non-performing asset is more equitable.The Total Investment & Insurance Solutions
The amendment will bring clarity and ensure that the prohibition of certain persons in the resolution process of an insolvent corporate person does not include unintended persons and the opportunity given to a person whose account is classified as the non-performing asset is more equitable.The Total Investment & Insurance Solutions
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