Discussion :: Bills and Acts - Latest Current Affairs (Q.No.4)
|Aryan Kumar Rao said: (Jun 25, 2019)|
|Meithi said: (Jul 6, 2019)|
|Parliament has passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018 with the Rajya Sabha's approval. The Bill seeks to clarify that allottees under a real estate project should be treated as financial creditors. Home buyers will get due representation in the Committee of Creditors and make them an important part of the decision making the process. Setting up of a special dispensation for small sector enterprises have also been made.|
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