New Delhi, April 16 -- The latest amendments to the Insolvency and Bankruptcy Code are expected to accelerate insolvency resolutions and improve recovery outcomes for lenders, according to a report by ICRA. The Code, which has undergone six amendments over the past decade, has been progressively refined to enable time-bound recoveries and maximise asset value. The recent legislative changes, approved by Parliament, introduce new frameworks while strengthening existing mechanisms. Amendments Come Amid Slowing Recoveries ICRA noted that the amendments come amid a slowdown in recovery rates during the first nine months of FY2026, and are designed to reduce delays, enhance governance, and improve outcomes for stakeholders. A key change ...