mumbai/new delhi, Sept. 8 -- With a view to increase their accountability, resolution professionals (RPs) could be in for stricter action under the proposed Insolvency and Bankruptcy Code (Amendment) Bill, 2025, which will empower the "disciplinary committee" to impose penalties of up to Rs.2 crore, suspend, or even cancel their registrations for "unlawful gains". The draft law lands at a time when lenders have been moving to replace RPs in high-profile insolvency cases. If the proposals are approved, what will change from the current norms are the penalties-with the maximum being doubled from Rs.1 crore-and more teeth to the "disciplinary committee", the Insolvency and Bankruptcy Board of India (IBBI), that can act faster with show cause n...