Fraudulent and defaulted promoters of companies will no more be allowed to get a participation in the bid for companies going insolvent. Accordingly the Insolvency and Bankruptcy code is being amended by the Government. The amendments would come in force with immediate effect and the necessity for such an ordinance was needed since cases are
Fraudulent and defaulted promoters of companies will no more be allowed to get a participation in the bid for companies going insolvent. Accordingly the Insolvency and Bankruptcy code is being amended by the Government. The amendments would come in force with immediate effect and the necessity for such an ordinance was needed since cases are