Current Affairs · Bills and Acts
In August 2025, the Government of India introduced the Insolvency and Bankruptcy Code (Amendment) Bill in Lok Sabha. What group-oriented provision has been proposed in this bill to address insolvencies involving entities belonging to the same corporate family?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Multiple Creditors' Mechanism
- 2Group Insolvency Framework✓
- 3Cross-Border Asset Recovery
- 4Credit Risk Exchange Programme
Correct answer
Group Insolvency Framework
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