Section 29 (a)

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Editor's Take | Govt may amend Section 29A of IBC

The changes could include relaxation in the norms of "connected person" criteria. The government could also look into demands from promoters of defaulting companies to allow them to bid for assets, but this may come with riders.
Section 29 (A) of IBC 'stretched too far', needs clarity: SBI chief Rajnish Kumar

Section 29 (A) of the IBC deals with related-party provisioning and aims to prevent defaulting promoters from taking back their companies.

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Section 29 (a)

Editor's Take | Govt may amend Section 29A of IBC

Section 29 (A) of IBC 'stretched too far', needs clarity: SBI chief Rajnish Kumar