New Delhi: Parliament on Wednesday passed amendments to the Insolvency and Bankruptcy Code (Amendment) Bill, 2026 to provide faster resolutions, reduce case backlog and strengthen the financial ecosystem. The Rajya Sabha passed the bill with a voice vote, while it was passed by the Lok Sabha on March 30.
Replying to a short discussion on the bill in the Rajya Sabha, Union finance minister Nirmala Sitharaman said the IBC has contributed to the health of the Indian banking sector and helped recover assets. “All 11 recommendations made by a Lok Sabha select committee were accepted by the government,” she said.
In addition, one more recommendation of the ministry of corporate affairs was added to it. On August 12, 2025, the government…