General Science - Biology MCQs
Q. The proceedings under the Insolvency and Bankruptcy Code has been suspended till which month after September 2020?
a. November 2020
b. December 2020
c. January 2020
d. March 2020
The Union Government has extended the suspension on initiating Insolvency and bankruptcy proceedings against firms for three more months.
The suspension will be effective till three months from September 25, as per a notification from the Corporate affairs Ministry. Initially, the proceedings were suspended for six months starting from March 25. The Insolvency and Bankruptcy Code (IBC) has also been amended to include the provision.
