The Select Committee on Insolvency and Bankruptcy Code (Amendment) Bill, 2025 has invited views and suggestions from experts, industry bodies and stakeholders to “strengthen India’s insolvency framework”. The 24-member parliamentary committee, chaired by Baijayant Panda, was formed on October 1, and the panel is currently reviewing the amendment Bill. It will submit its recommendations to the government after consulting with stakeholders.
In a note, PwC said that Bill pays particular attention to issues flagged by courts and practitioners, the complexities arising in group and cross-border insolvency, and the misuse of withdrawal and moratorium provisions by promoters and other stakeholders.
“The latest amendments are the…