<h1>IBC Amendment Shields Successful Bidders from Past Management Crimes, Boosting Investor Confidence and Streamlining Insolvency Resolution.</h1> The government has promulgated an ordinance amending the Insolvency and Bankruptcy Code (IBC) to protect successful bidders of insolvent companies from criminal proceedings for offenses committed by previous management. This move aims to boost investor confidence and streamline the resolution process by ensuring that new owners are not held liable for past misdeeds. The amendment is part of ongoing reforms to improve the ease of doing business and to attract more investments by providing a clear and predictable insolvency framework.