Lok Sabha passes Insolvency & Bankruptcy Code Amendment Bill, 2025 | Current Affairs
The Bill, initially referred to a Select Committee, has been introduced to amend the Insolvency and Bankruptcy Code 2016. The Amendment seeks to reduce delays, maximise value for all stakeholders, and introduce new provisions that follow global best practices for resolving insolvency. New Creditor-Initiated Insolvency Resolution Process (CIIRP): This replaces the largely underutilised “fast-track” process…

