The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 restructured the enactment of the IBC in 2016. The bill, Introduced in the Lok Sabha on 12 August 2025, intends to resolve procedural delays, reduce litigation, creditor rights, and create new mechanisms to deal with group insolvencies, cross-border cases, and high-value financial distress. The Bill has been referred to a Select Committee for scrutiny.
CIRP ADMISSION NORMS
A key reform is the overhaul of CIRP admission norms, where the National Company Law Tribunal (NCLT) is now mandated not merely permitted to admit applications under Section 7 once default, completeness of application, and clean disciplinary status of the Resolution Professional (RP)…