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of <h1>Section 5 Amended: Resolution Plans Can Restructure Corporate Debtors via Mergers, Amalgamations, and Demergers in Insolvency Cases.</h1> In the Insolvency and Bankruptcy Code (Amendment) Act, 2019, section 5 of the principal Act from 2016 is amended to clarify that a resolution plan can include provisions for restructuring the corporate debtor. This restructuring can be achieved through mergers, amalgamations, and demergers. This explanation is aimed at removing any doubts regarding the scope of resolution plans under the Act.
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