[ Piyush is a student at National Law University Jodhpur. ] Almost a decade after the introduction of the Insolvency and Bankruptcy Code 2016 ( IBC ), it has been generally lauded to be a far more successful method  of debt resolution compared to the earlier systems. However, procedural hiccups and substantive ambiguities do remain in the framework, affecting successful and timely debt resolution. The Insolvency and Bankruptcy Amendment Bill 2025  ( Amendment Bill ) aims to f

The Bill's establishment of group insolvency and cross-border insolvency frameworks is significant as it illustrates India's evolution as a sophisticated player in the global insolvency sector.

[Yadu is a student at Symbiosis Law School, Pune.] Group insolvency is defined under Article 2(f) of the UNCITRAL Model Laws on...