The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, has been recently passed by Parliament to strengthen India’s insolvency framework. The parent law, the Insolvency and Bankruptcy Code, was enacted in 2016 to create a time-bound mechanism to deal with companies that default on their loans by reviving them through resolution or liquidating them if resolution is not possible. However, nearly a decade of implementation has revealed persistent challenges such as delays, excessive litigation, and lack of clarity in certain provisions. The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 seeks to address these issues while strengthening the overall insolvency ecosystem. Before this amendment, the IBC had already been amended…
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