IBC winners to get clean slate as govt accepts proposals

person cited above said.

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Bill extinguishes claims against the revived entity.

(ISTOCKPHOTO)

However, since the select committee's recommendation is already incorporated in the amended Bill under parliamentary procedure, the corporate affairs ministry plans to move an amendment in the budget session to remove the explicit reference to retrospective application, one of the two people cited above said.

Queries emailed to the ministry of corporate affairs on Friday seeking comments remained unanswered.