Union Budget 2022: Proposed amendments to the Insolvency and Bankruptcy Code

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Following the finance minister’s speech proposing the Union Budget 2022, Parliament is likely to consider further amendments to the Insolvency and Bankruptcy Code 2016 (IBC) in 2022.

What is likely to be proposed?

The finance minister’s speech followed two notices inviting public comments, that the government released at the end of 2021. Together, these suggest that the government is considering:

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