Are there major changes in the Insolvency and Bankruptcy Code (IBC) on the cards? According to sources, the country’s bankruptcy law could see a major overall during the upcoming Winter Session of Parliament, which typically commences in late November and runs for a month. Among the proposed changes, industry stakeholders have sought the existing rules regarding related parties and blood relations to be revised, in order to ensure ‘ease of doing business’ on the ground.
The IBC has undergone six major amendments since its enaction in 2016. This time, the 2025 IBC Amendment Bill could bring the biggest set of changes, according to the sources.
This comes at a time when the industry is demanding revisions in certain provisions that are…