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  • IBC (Second Amendment) Bill, 2019 introduced in LS

    Published on December 12, 2019

    The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 has been introduced in the Lok Sabha. It was introduced today by Finance Minister Nirmala Sitharaman during the pre-lunch session.

    The amendment is for streamlining corporate insolvency resolution process and to protect last-mile funding to promote investment in sectors that are financially distressed. Union Cabinet gave its approval to the amendments last Wednesday.

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