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
For more updates on topics asked in CLAT, keep visiting CLAT Gurukul which is a knowledge sharing initiative of The Knowledge Tree, Patna's premier coaching institute for CLAT and for other law entrance exams like AILET, SET, LSAT etc.