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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Insolvency Code Section 34 amended to include pre-packaged insolvency resolution process, expanding legal framework for bankruptcy proceedings.</h1> Section 34 of the principal Insolvency and Bankruptcy Code has been amended to include provisions for the pre-packaged insolvency resolution process. Specifically, in sub-section (1), the phrase 'or for the pre-packaged insolvency resolution process under Chapter III-A' is added following the existing reference to Chapter II. This amendment expands the scope of the section to encompass the newly introduced pre-packaged insolvency procedures, providing a legal framework for such processes within the insolvency and bankruptcy legislation.
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