IBC Amendment Ordinance, 2020 COLUMNS Impact Of The IBC Amendment Ordinance, 2020 – The importance of “Default” and alternative remedies. Introduction – Ordinance suspending provisions of IBC The Insolvency and Bankruptcy Code, 2016 was enacted with the primary object of consolidating, amending laws on reorganisation, insolvency resolution of companies in a time bound manner for…

Banks and NBFCs offer MSME loans to the applicant only if certain eligibility criteria meets. MSME loans are also unsecured loans. The Government of India and Reserve Bank of India (RBI) define MSME loans, as the loans for business enterprises need support in terms of finance, infrastructure and other areas. Micro, Small and Medium Enterprises…