Modi Cabinet approves 7 amendments to IBC, resolution time limit raised to 330 days

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In a significant move, the government Wednesday cleared seven amendments to the insolvency law. The amendments to the Insolvency and Bankruptcy Code (IBC) are aimed at filling critical gap in the corporate insolvency resolution framework while at the same maximising value from the resolution process. The Cabinet has approved the changes to the Code.




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    In a significant move, the government Wednesday cleared seven amendments to the insolvency law. The amendments to the Insolvency and Bankruptcy Code (IBC) are aimed at filling critical gap in the corporate insolvency resolution framework while at the same maximising value from the resolution process. The Cabinet has approved the changes to the Code.




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