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India's key law for handling bankruptcies might be in for a big update soon. Sources indicate that the Insolvency and Bankruptcy Code (IBC), which is the country's main framework for resolving corporate debts and insolvencies, could face significant revisions right before Parliament's Winter Session commences.

This session usually starts in late November and lasts about a month. The push comes from business leaders who want changes to rules on "related parties" and family ties, aiming to make it easier to wrap up deals and boost the "ease of doing business" in India.

History of IBC Amendments and What's Coming Next

Since its introduction in 2016, the IBC has seen six major updates to keep it effective. But this time around, th

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