House panel seeks inputs on IBC Amendment Bill – Banking & Finance News

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…

Seven-year bans for sisters who enabled insolvency avoidance scheme and put creditors at risk of financial loss

Karen Mortimer and Joanna Seawright have been disqualified for their part in a scheme designed to subvert insolvency legislation  Both facilitated the Atherton corporate rescue scheme by becoming directors of a combined 138 struggling companies without independently verifying their financial positions, failing to look into the location of more than £42 million in assets and…