The resolution time will drastically come down by at least 50%: Baijayant Panda

The Insolvency and Bankruptcy Code (IBC) is set for a landmark transformation. Following the 2025 Select Committee report, chairperson Baijayant Panda explains how new amendments will enforce strict "shall" timelines, mandate separate professionals for liquidation to avoid conflicts, and codify the "Clean Slate" principle to accelerate corporate recovery and credit discipline.