India's IBC Reforms Aim to Ease Tribunal Bottlenecks

India has a law called the Insolvency and Bankruptcy Code that helps companies that owe money get sorted out.

But in recent years, fewer companies have used it because the process is slow and confusing.

The government is making changes, like letting some banks start the process faster and making the court rules clearer.

They also want to give more protection to people who buy homes from companies that are in trouble.

The court that handles these cases, called the NCLT, has fewer judges than it should, so the government wants to add more.

They think this will help companies finish their problems quicker and keep money in the economy.

The changes are still being worked on, and people are watching to see if they help.