Report of the Insolvency Law Committee
The Insolvency Law Committee presented its 5th report dated May 20, 2022 (“Report”) to the Government of India. The Report makes several recommendations with regard to the Insolvency and Bankruptcy Code, 2016 (“IBC”) and regulations made thereunder to improve the efficacy of the corporate insolvency resolution process and the liquidation process under the IBC.
For further details, please refer to the below document.