Cabinet’s approval for suspension of initiation of IBC proceedings for 1 year

Why is it in news?
  • Union Cabinet approved suspension of initiation of proceedings under Insolvency and Bankruptcy Code (IBC) for 6 months which can be extended for 1 year
More on News
  • Approval will result into suspension of sections 7,9 and 10 of the IBC for a period of 6 months
Posted by Jawwad Kazi on 5th Jun 2020
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