On 2 January 2018, Parliament Passed Insolvency and Bankruptcy Code (IBC) amendment Bill, 2017. The Bill seeks to amend ________.

The Insolvency and Bankruptcy Code Amendment Bill, 2017, was passed to make necessary updates and close structural loopholes in the original principal Act, which is the Insolvency and Bankruptcy Code, 2016 (IBC, 2016). The amendment barred willful defaulters and untrustworthy promoters from bidding for stressed assets during corporate insolvency resolution processes.