MCA may amend IBC to scrap prior CCI approval for insolvency bids
The Ministry of Corporate Affairs is actively working on IBC amendments, likely to be introduced in the upcoming Parliament session. | Photo Credit: designer491 The Ministry of Corporate Affairs (MCA) is likely to amend the Insolvency and Bankruptcy Code (IBC) to clarify that prior permission of the Competition Commission of India (CCI) is not required for submitting…