Finance and Corporate Affairs Minister Nirmala Sitharaman on Tuesday introduced a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code, 2016. The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 has been referred to a select committee, which will make a report by the first day of the Winter Session of the Parliament.
The long-awaited Bill has introduced several amendments to the IBC, including creditor-initiated insolvency resolution process by amending Section 54A of the Act, group insolvency as well as cross-border insolvency.
“The proposed amendments aim to reduce delays, maximise value for all stakeholders, and improve governance of all processes under the Code. They seek to modify existing provisions to…
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
