ICAI submits proposals on insolvency law amendments
after close1 source ↓written by the desknot a recommendation
- introduced
- 12 Aug 2025
The Institute of Chartered Accountants of India (ICAI) submitted its suggestions to a Parliamentary panel regarding the Insolvency and Bankruptcy Code (Amendment) Bill, 2025. This bill, introduced on 12 Aug 2025, aims to enhance insolvency processes, including an out-of-court mechanism for business failures. With over 4,560 insolvency professionals registered, these amendments could significantly impact the insolvency landscape in India.
Not investment advice. For informational purposes only.