The government is mulling amendments in the insolvency and bankruptcy code (IBC) to permit litigation funding or third-party funding in insolvency disputes that will significantly help in bringing down the money stuck in preferential, undervalued, fraudulent, and extortionate (PUFE) transactions, an official told FE. “The discussion is still at an early stage as we evaluate the international practices. The changes in IBC will enable specialised agencies to take over filing and pursuing cases involving PUFE transactions. Given the magnitude of funds stuck in the PUFE transactions, the government felt the need to make necessary changes,” the official said.