Lok Sabha has taken up the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, for consideration and passing. Union Finance Minister Nirmala Sitharaman moved the Bill, which aims to further amend the Insolvency and Bankruptcy Code 2016. The Bill seeks to address procedural delays and interpretational issues among companies and individuals.
Participating in the discussion, BJP MP Anurag Thakur said the Indian economy has witnessed a landmark transformation in the past eleven years under the Modi government. He said that, after the implementation of the Insolvency and Bankruptcy Code, creditors are empowered with the implementation of a legal framework, regulatory support, judicial backing, and a strong banking system. Mr Thakur…