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of <h1>Insolvency Code Amendments Passed: Focus on Resolution Over Liquidation, Corporate Process to Finish in 330 Days.</h1> Lok Sabha has passed amendments to the Insolvency and Bankruptcy Code, following approval from Rajya Sabha, aiming to prevent companies from failing. The amendments, highlighted by Finance and Corporate Affairs Minister, emphasize that liquidation is not the primary goal of the Code. The changes involve seven sections and stipulate that the Corporate Insolvency Resolution Process must be completed within 330 days, including all litigation and judicial processes.
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