<h1>New Ordinance Amends Insolvency Code to Boost Efficiency and Speed Up Resolution Process for Creditors and Debtors.</h1> The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, has been introduced to address issues within the existing insolvency framework. The ordinance aims to streamline the resolution process and enhance the efficiency of insolvency proceedings. It includes provisions to improve the speed and effectiveness of the resolution process, ensuring better outcomes for creditors and debtors. The amendment is part of ongoing efforts to strengthen the insolvency regime in the country, promoting economic stability and growth by providing a robust mechanism for dealing with financial distress.