
Prateek Garg & Company
June 13, 2025 at 05:44 AM
Parl Panel Seeks Feedback on IBC Amendments by June 16; Bill Likely in Monsoon Session
The standing committee on finance has invited comments on proposed amendments to the IBC, including a 14-day admission timeline and equitable treatment for operational creditors. Key changes will affect Sections 7, 9, and 10, and may involve increasing tribunal strength and forming special IBC benches. The amendments aim to address delays and bring clarity to the insolvency resolution process.
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