Insolvency law committe to finalise report this month for proposed amendments to Insolvency and Bankruptcy Code
Insolvency Law: The basic structure of the IBC will not be disturbed and "targeted amendments" will be carried out. It would also address all "unintended consequences" with respect to implementation of this law, the official said. Without elaborating on the proposed changes, the official said there would be "something for home buyers also".
Insolvency Law committee would identify issues that might "impact the efficiency of the corporate insolvency resolution and liquidation framework" as well as make recommendations to address them. Image source: Reuters