Insolvency exclusion framework expanded to include Chapter IV-A alongside Chapter III-A in section 11 amendment. Section 11 of the principal insolvency law is amended in clause (ba) by inserting the words "or Chapter IV-A" after the reference to "under Chapter ... Summary
Insolvency exclusion framework expanded to include Chapter IV-A alongside Chapter III-A in section 11 amendment.
Section 11 of the principal insolvency law is amended in clause (ba) by inserting the words "or Chapter IV-A" after the reference to "under Chapter III-A". The amendment extends the reach of the clause by linking Chapter IV-A to the same statutory exclusion or applicability framework already attached to Chapter III-A, without otherwise altering the structure of section 11.
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