Govt plans to amend IBC to ring-fence buyers of stressed assets from prosecution

The government may move an amendment to the Insolvency and Bankruptcy Code 2016 during the current Winter Session of Parliament. The amendment comes after several companies that are vying for assets being auctioned under IBC expressed concern regarding getting into legal trouble over the cases against previous promoters.

from Economy-News-Economic Times https://ift.tt/37s0mHL