Govt Delays Final Decision on Insolvency Code Changes

The government is still deciding on changes to the rules for handling companies that can't pay their debts (Insolvency and Bankruptcy Code).

They asked for ideas from people earlier this year but haven't made a final decision yet.

This means some problems, like how to speed up the process and involve creditors more, will continue.

Experts think this is a delay that could have been avoided.

Some important changes that were expected include handling cases involving multiple companies at once, dealing with bankruptcies across different countries, and letting creditors help solve debt issues.

There is a hope the changes will be introduced in the winter.