On December 12, the govt introduced a bill in the Lok Sabha to amend the Code. The bill, introduced in the Lok Sabha, seeks to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring fenced from any risk of criminal proceedings for offences committed by previous promoters of companies concerned.



READ SOURCE

READ  White goods companies not passing on GST benefits come under lens

WHAT YOUR THOUGHTS

Please enter your comment!
Please enter your name here