Parliament Passes Bill To Temporarily Suspend Initiation Of Corporate Insolvency Resolution Process Under IBC [Read Bill]
Akshita Saxena
21 Sept 2020 9:04 PM IST
![Parliament Passes Bill To Temporarily Suspend Initiation Of Corporate Insolvency Resolution Process Under IBC [Read Bill]](https://www.livelaw.in/h-upload/2019/09/24/750x450_364860-insolvency-and-bankruptcy-code.webp "Parliament Passes Bill To Temporarily Suspend Initiation Of Corporate Insolvency Resolution Process Under IBC [Read Bill]")
The Lok Sabha today passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, by voice vote. The Bill was passed by the Rajya Sabha on September 19, 2020. It seeks to amend the IBC Code 2016 and temporarily suspend initiation of the Corporate Insolvency Resolution Process (CIRP), for a period of one year. While introducing the Bill, Finance...
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