How to make India’s insolvency system clearer? Lok Sabha committee suggest changes to Insolvency and Bankruptcy Code- The Week

A Lok Sabha select committee has suggested several changes to the Insolvency and Bankruptcy Code (IBC) to make India’s insolvency system clearer, faster, and less prone to legal disputes. The committee, headed by BJP MP Baijayant Panda, submitted its report to the Lok Sabha nearly four months after the Insolvency and Bankruptcy Code (Amendment) Bill,…