The Lok Sabha passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 on Monday through a voice vote.
New Delhi | Jagran Busines Desk:The Lok Sabha passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 on Monday through a voice vote. Responding to the queries raised during the debate on the insolvency code, Finance Minister Nirmala Sitharaman said the bill is aimed at bringing immediate relief to the companies affected by the COVID outbreak. The bill seeks to replace an ordinance promulgated in this regard in June. “We had to prevent any company, stressed because of COVID, from being pushed into insolvency”, the Finance Minister said. Listed below are th…
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