New Delhi, Dec. 23 -- Companies undergoing insolvency proceedings may soon be allowed to receive multiple resolution plans for different assets or business units.

A Lok Sabha Select Committee, examining the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, last week recommended explicitly permitting such an approach, departing from the current system that allows only a single, consolidated resolution.

The objective is to enable the sale of individual assets or business verticals of companies with diversified operations, instead of forcing a single, consolidated resolution, as per a statement issued by the committee on 17 December, available on the Lok Sabha website.

The panel said this could help maximise value realisation and att...