Lok Sabha speaker refers bankruptcy code amendment bill to standing committee

The bill seeks to amend the Insolvency and Bankruptcy Code (IBC) so successful bidders of insolvent companies will be ring-fenced from any risk of criminal proceedings for offences committed by previous promoters of companies concerned. It was passed by the Cabinet and subsequently introduced in the Lok Sabha during the Winter session earlier this month.

from Economy-News-Economic Times https://ift.tt/2ZlCXUH