Discover and read the best of Twitter Threads about #InsolvencyAndBankruptcyCode

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✳ Some Of The Key Achievements Of
@narendramodi Led NDA Government For Last 7 Years: Part I
1. Strengthened Economy
2. Improved International Relations
3. Change In Attitude On International Issues
4. Increased Internal Security
5. A Government With A Clean Image
6. #BannedTripleTalaq
7. #RemovedArticle370
8. #RemovedArticle35A
9. #SurgicalStrike On Pakistan Terror Camps Along LOC On Night Of 28-29 October 2016
10. #PreemptiveStrikeOnBalakot Terrorist Camps Crossing The LOC On 26th February 2019 Killing Estimated 300 Terrorists
11. Secured Release Of Indian Air Force Pilot Wing Commander Abhinandan Varthaman Who Took Down Advanced Pakistani F16 Fighter Aircraft With His MIG21 Aircraft;Ejected In Pakistan Territory;Was Captured;Forced By Narendra Modi Government To Release In 48 Hrs;Returned In 60 Hrs✌🏽
Read 26 tweets
Apart from historic #FarmBills to defang APMC,amendments to
#InsolvencyandBankruptcyCode,by @narendramodi gov,merit attention

IBC Bill mandates that default on repayment wef March25,2020 would not be considered for initiating insolvency proceedings for at least 6mnths-Big move
This amendment to #IBC will aid #MSMEs in particular,who may have been impacted by lockdown

Guiding principle of IBC by @narendramodi gov has been #Resolution of a distressed unit,to keep it as #GoingConcern

#Liquidation is the last resort&updated IBC Bill seeks to further that
Big highlight of #MonsoonSession is #Supplementary demand for addnl spending of 2.36 lakhCr by @narendramodi gov due to #Covid, of which 1.67 lakhCr is cash outgo

40000Cr more for #MNREGA
20000Cr for #PSBRecapitalisation
44340Cr as #RevenueDeficit grant to States&2262Cr to #SDRF
Read 4 tweets

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