Tuesday, July 31, 2018

Lok Sabha passes Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018

The Bill allows the withdrawal of a resolution application submitted to the National Company Law Tribunal (NCLT) under the Code.  This decision can be taken with the approval of 90 percent of the committee of creditors.



from Jagran Josh https://ift.tt/2n0St69

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