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Getting future-ready: Govt may tweak IBC to factor in climate change

The government is contemplating changes to the Insolvency and Bankruptcy Code (IBC) to deal with environmental claims and liabilities of defaulting companies to make the law future-ready and meet climate action goals, sources told Business Standard.

Currently, the IBC has various categories of claims and creditors, including those related to environmental liabilities. ....

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Govt May Amend IBC To Settle Environmental & Climate Change Liabilities Of Defaulting Companies

Govt May Amend IBC To Settle Environmental & Climate Change Liabilities Of Defaulting Companies
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