Insolvency and Bankruptcy framework broadened to operate alongside securitisation law in Central Excise Act cross-reference. Amendment to the Central Excise Act substitutes the existing textual reference in section 11E so that the Securitisation and Reconstruction Act is ... Summary
Insolvency and Bankruptcy framework broadened to operate alongside securitisation law in Central Excise Act cross-reference.
Amendment to the Central Excise Act substitutes the existing textual reference in section 11E so that the Securitisation and Reconstruction Act is referenced together with the Insolvency and Bankruptcy Code, thereby creating a joint statutory cross-reference to both the securitisation regime and the insolvency framework within that provision.
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