Committee of Creditors Current Affairs, GK & News

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 Promulgated

President Ram Nath Kovind has assented to the promulgation of Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 on June 6, 2018. This ordinance makes some fine-tuning mechanisms in the Insolvency and Bankruptcy Code, 2016. Key Points This ordinance brings some specific changes affecting mainly real estate and financial sectors. The notable changes are as follows: Homebuyers ..