Payment of debts replaces narrower creditor-specific phrasing, broadening clause scope in insolvency provisions and administration. The amendment substitutes the phrase "repayment of debts of operational creditors" with "payment of debts" in clause (w) of sub section (2), replacing a ... Summary
Payment of debts replaces narrower creditor-specific phrasing, broadening clause scope in insolvency provisions and administration.
The amendment substitutes the phrase "repayment of debts of operational creditors" with "payment of debts" in clause (w) of sub section (2), replacing a creditor class specific formulation with a general obligation to make payments and thereby broadening the clause's descriptive scope within the insolvency framework.
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