<h1>Insolvency Law Committee Proposes Amendments to Boost Efficiency and Clarity in Insolvency and Bankruptcy Code.</h1> The Insolvency Law Committee has released a report detailing recommendations for improving the insolvency resolution process. The report suggests amendments to enhance the efficiency and effectiveness of the Insolvency and Bankruptcy Code. Key proposals include streamlining the resolution process, providing clarity on the rights of stakeholders, and improving the framework for corporate insolvency resolution. The committee emphasizes the need for a balanced approach to protect the interests of creditors while ensuring the revival of viable businesses. The report aims to address existing challenges and foster a more robust insolvency framework in the country.