Classification of debts: amendment expands insolvency-period debt to include notified debts and omits a proviso. Amendment modifies Section 5 by omitting the proviso to clause (12) and inserting the words "and such other debt as may be notified" after "during the ... Summary
Classification of debts: amendment expands insolvency-period debt to include notified debts and omits a proviso.
Amendment modifies Section 5 by omitting the proviso to clause (12) and inserting the words "and such other debt as may be notified" after "during the insolvency resolution process period" in clause (15), thereby permitting notified additional debts to be treated within the insolvency-resolution-period scope.
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