New Delhi: The Union Cabinet on Tuesday approved the final amendments to the Insolvency and Bankruptcy Code (IBC), for which legislation will be moved in the Parliament in the ongoing session, two persons familiar with the development said.
The Bill seeks to make limited modifications to the proposals by the Baijayant Panda-led Parliamentary select committee, which examined the previous version tabled in the monsoon session.
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It is possible that the Bill may be moved for passage in Parliament this week, said one of the persons quoted above, speaking on the condition of anonymity as information is not public yet.
The government has…