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

April 8, 2021
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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