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of <h1>Insolvency and Bankruptcy Code 2018 Amendment: Section 3 Clause (12) updated for clarity in financial obligations.</h1> The Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 modifies the Insolvency and Bankruptcy Code, 2016. Specifically, it amends Section 3, clause (12) of the principal Act by replacing the word 'repaid' with 'paid.' This change clarifies the language used in the provision, potentially affecting the interpretation and application of financial obligations under the Code.
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