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    Bankruptcy bill passed in Rajya Sabha

    Posted on: 2016-05-13 Posted by: CLAT Gurukul Category: Archive Blog

    Rajya Sabha has passed the Insolvency and Bankruptcy Code 2016, which had already been passed by the Lok Sabha last week. The Code seeks to consolidate and amend the laws relating to reorganization and insolvency resolution in a time bound manner. The bill also proposes setting up of an Insolvency and Bankruptcy Board, and Insolvency and Bankruptcy Fund. Source: The Telegraph  

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