Current Affairs · Bills and Amendments
The Insolvency and Bankruptcy Code (Amendments) Bill, 2025 introduced significant changes to plug loopholes in insolvency resolution. Which of the following changes has been introduced under this amendment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only secured creditors can approach NCLT in case of fund diversion
- 2Indefinite look-back period for avoidance transactions by promoters✓
- 3Resolution professionals barred from challenging promoter transactions
- 4Scrutiny of avoidance transactions restricted to 3 years before insolvency filing
Correct answer
Indefinite look-back period for avoidance transactions by promoters
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