The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, with 12 amendments. It introduces a creditor-driven insolvency process, stricter timelines, and new provisions for cross-border and group insolvency.
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 passed in the Lok Sabha on Monday. Featuring 12 amendments, the revised legislation introduces significant changes to India’s insolvency resolution framework, including new creditor-driven mechanisms, stricter timelines, and provisions for cross-border and group insolvency.
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The Bill seeks to amend the Insolvency and Bankruptcy Code (IBC), 2016, with the aim of further streamlining insolvency resolution processes…