May 20, 2019

Rajya Sabha Too passes Bankruptcy Bill

In a major constructive development Rajya Sabha too passed Bankruptcy Bill. It was earlier passed in Lok Sabha last week. Now the last mile stone is the President signature on the Bill.

The main beneficiary would be the creditors. It will have its reach right from Individuals to Partnership firms, LLP and Companies.

Union Minister of State for Finance Mr Jayant Sinha Tweeted “History is written today as Rajya Sabha passes Bankruptcy Bill! Thank you to MPs and officers who worked on the bill”.

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