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Parliament Clears Changes To Insolvency Law Aug 03 2021, 7:22 PM August 03 2021, 4:41 PM August 03 2021, 7:22 PM The Rajya Sabha cleared the Insolvency and Bankruptcy Code (Amendment) Bill, 2021 today which gives legislative nod to the pre-packaged insolvency resolution process for micro, small, and medium scale enterprises. The lower house of the parliament had passed the Bill on July 28.The bill replaces the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, promulgated on April 4 this year.The salient features of the pre-packaged in. The Rajya Sabha cleared the Insolvency and Bankruptcy Code (Amendment) Bill, 2021 today which gives legislative nod to the pre-packaged insolvency resolution process for micro, small, and medium scale enterprises. The lower house of the parliament had passed the Bill on July 28.

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