Bankruptcy Bill Passed By Lok Sabha | Read
Lawmakers on Thursday took the first step in passing a new bankruptcy law that will make it easier for financial institutions and banks to deal with bad debts arising out of failed corporate ventures. "This legislation is a transformational building block that will change our economy," said Jayant Sinha, the junior minister for Finance, replying to the debate on the issue in the lower House of Parliament, the Lok Sabha.
