Finance Minister Nirmala Sitharaman on Monday told Rajya Sabha that the proposed amendments in the Insolvency and Bankruptcy Code are aimed at ensuring greater clarity in the debt resolution process. 
She said the Insolvency and Bankruptcy Code Amendment Bill has been brought to remove grey areas and ensure that no interpretations which are against the original intent of the Act prevail. The minister said four out of the eight set of amendments being brought in are explanatory in nature. "There is a fear that probably the original intent with which this Parliament brought Insolvency and Bankruptcy Code is probably getting diluted. We should not allow its dilution just for want of clarity."