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The President promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 on Apr 4, 2021

April 8, 2021
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The President promulgated the IBC(Amendment) Ordinance, 2021 on 04.04.2021.The amendments provides an efficient alternative insolvency resolution framework for corporate persons classified as MSMEs under the Code, for ensuring quicker, cost-effective and value maximising outcomes for all the stakeholders, in a manner which is least disruptive to the continuity of MSMEs businesses and which preserves jobs.
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