Heartiest gratitude to Taxsutra and LawStreetIndia for publishing an article which encapsulates the proposed amendments dated 28 January '23 by the Ministry of Corporate Affairs to the Insolvency and Bankruptcy Code, 2016 and their likely impact.
With these proposals, the Government has once again given a clear signal to all stakeholders that the objective of the Code need not be diluted. The changes proposed shall have far-reaching impact on enhancing the transparency, efficiency and accelerate the proceedings under the Code.
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