THE INSOLVENCY & BANKRUPCY CODE (AMENDMENT) ACT: RESOLUTION APPLICANTS NARROWED?

Earlier in January, the Insolvency and Bankruptcy Code (Amendment) Act (the "Amendment Act") came into force amending the Bankruptcy and Insolvency Code, 2016 (the "Code"), by substantively incorporating changes introduced by the earlier Code (Amendment) Ordinance, 2017 (the "Ordinance") issued by the Government and promulgated by the President at the end of November last year.