IBC Overhaul: 6 Amendments, 122 Regulatory Reforms Enhance Corporate Debt Resolution

The Insolvency and Bankruptcy Code (IBC) has undergone significant reforms, including six amendments and 122 regulatory changes, to enhance corporate debt resolution. These reforms aim to streamline the insolvency process, improve recovery rates, and provide greater clarity for stakeholders. The amendments focus on addressing bottlenecks, expediting resolutions, and strengthening the legal framework to facilitate efficient and timely debt resolution. The overhaul reflects the government's commitment to creating a robust and effective insolvency regime, fostering a conducive environment for businesses and financial institutions.