New Delhi, Dec. 16 -- A Lok Sabha committee that reviewed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 will table its report in the lower house of parliament on Wednesday, bringing the law's revamp a step closer to reality, two persons familiar with the development said.

Once the report is tabled, the ministry of corporate affairs will examine its recommendations and modify the original bill where needed before pressing for its passage in the Lok Sabha.

The select committee, led by Bhartiya Janata Party (BJP) member of parliament (MP) Baijayant Panda, met on Wednesday to adopt the draft report on the bill, said the first of the two persons cited earlier, both of whom spoke on the condition of anonymity.

Consideration and p...