IBC changes bar legacy claims after NCLT approves revival plans

Unlisted debts wiped clean, process streamlined

A key change: any debts or liabilities not listed in the approved revival plan are wiped clean, so investors won't get hit with surprise lawsuits later.
The process itself is also smoother—defective resolution plans can be fixed before they're rejected, and tribunals have to explain any big delays.
Plus, getting Competition Commission of India (CCI) clearance can now happen earlier, speeding things up even more.

Altogether, these tweaks aim to make business turnarounds faster and friendlier for anyone looking to invest.