New Delhi: Amid ‘Act of God’ jibe, RS passes IBC amendment Bill #Gallery

New Delhi: Union Finance Minister Nirmala Sitharaman moves Insolvency and Bankruptcy Code (2nd Amendment) Bill, 2020 for consideration in Rajya Sabha, during the Monsoon Session of Parliament in New Delhi on Sep 19, 2020. The Rajya Sabha on Saturday passed the Insolvency and Bankruptcy Code (2nd amendment) Bill, 2020 even as a opposition member took a jibe at Union Finance Minister Nirmala Sitharaman’s ‘act of God’ statement vis-a-vis the coronavirus pandemic’s effect on the economy. The Bill seeks to replace the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020, which was promulgated on June 5 to prohibit initiation of insolvency proceedings for defaults arising during the six months from March 25 that is extendable up to one year. (Photo: IANS)