Rajya Sabha passes Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020
Shortpedia
Content TeamImage Credit: shortpedia
The Rajya Sabha passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020. The Bill was tabled by Finance Minister Nirmala Sitharaman amends the Insolvency and Bankruptcy Code 2016 which provides a time-bound process for resolving insolvency in companies and among individuals. Congress MP Vivek Tankha questioned several provisions of the Bill urging that these must be relooked for the interest of the public.