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of <h1>India Forms Insolvency Law Committee to Review and Improve Corporate Insolvency Processes Under Insolvency and Bankruptcy Code, 2016.</h1> The Government of India has constituted an Insolvency Law Committee to review the corporate insolvency resolution and liquidation processes under the Insolvency and Bankruptcy Code, 2016. The committee, comprising government officials and industry experts, is tasked with evaluating the Code's implementation, identifying efficiency issues, and making recommendations for improvements. It may also invite experts and consult stakeholders. Non-official members will receive allowances as per government norms. The committee is required to submit its recommendations within three months from its first meeting, as per the revised directive.
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