Insolvency and Bankruptcy Code (Amendment) Bill 2021 l What is Pre Packaged Insolvency Resolution?

Insolvency and Bankruptcy Code (Amendment) Bill 2021 l What is Pre Packaged Insolvency Resolution?


Corporate Affairs Minister Nirmala Sitharaman on Monday introduced a bill in the Lok Sabha to replace an ordinance that amended the insolvency law.The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 was introduced amid Opposition ruckus over various issues.Sitharaman is in charge of both finance and corporate affairs ministries.The ordinance to amend the Insolvency and Bankruptcy Code (IBC) was promulgated on April 4, whereby a pre-packaged resolution process for stressed micro, small and medium enterprises (MSMEs) was introduced under the Code.

#Insolvency_and_Bankruptcy_Code_2021
#IBC_Bill_2021 #Pre_Packaged_Insolvency_Resolution

What is Insolvency and Bankruptcy code amendment bill 2021?Insolvency and Bankruptcy code 2021Insolvency and Bankruptcy code 2021 Hindi