Finance Minister Arun Jaitley on Tuesday said the government has entered into an unchartered territory as far as Insolvency and Bankruptcy Code is concerned and would continue to modify the law dealing with the issue.
Insolvency and bankruptcy is an area in which it is only in the recent years that we have chartered into. It is a learning experience, the Minister said while winding up a debate on the Insolvency and Bankruptcy Code Amendment Bill, which was later approved by the Rajya Sabha through a voice vote.
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017 Bill was passed by the Lok Sabha last week.
The government, Mr. Jaitley said, has been encountering situations which were not anticipated earlier and assured the House…
Read the full article at: http://www.thehindu.com/news/national/parliament-passes-insolvency-and-bankruptcy-code-amendment-bill/article22353026.ece
