If the company defaults, the workers will be the first to get their dues: Bank Corruption Amendment Bill passed, bankruptcy application to be approved in 14 days
On March 30, the Lok Sabha passed the bill to change the bankruptcy law. Now, if a company goes bankrupt, the money received by selling its assets will first be used to pay the pending salaries and dues of the workers and employees. Only after this the rest of the people will be paid. Finance…