The key amendments include Creditor initiated ad out of the court resolution, Group insolvency, Cross border insolvency, Clarifications of certain definitions, Procedural changes in initiation process, Asset sale flexibility, Changes in section 9 and 10 applications, Withdrawal of applications, Moratorium clarifications, Appointment and duties of professionals, CoC powers, Continuity of professional appointments, Avoidance and wrongful trading activities, Transfer of guarantor assets, Pre-packaged insolvency adjustments, Omission of fast-track process and others.
(Link: The Insolvency and Bankruptcy Code Amendment Bill 107/2025 Dated 8/2025)