Government plans major changes to insolvency law
after close1 source ↓written by the desknot a recommendation
The government is set to introduce significant amendments to the Insolvency and Bankruptcy Code (IBC) during the upcoming winter session of Parliament. The proposed IBC Amendment Bill 2025 aims to revise Section 29A, potentially allowing promoters and their blood relatives to participate in insolvency resolution processes. This change could enhance the Ease of Doing Business in India.
These amendments may attract more bidders and improve recovery rates for creditors, impacting market sentiment positively.
Not investment advice. For informational purposes only.