New Delhi: The Lok Sabha on Monday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aimed at accelerating insolvency resolutions and strengthening India’s bankruptcy framework.
Piloting the Bill, Finance and Corporate Affairs Minister Nirmala Sitharaman said the proposed 12 amendments will help maximise value for stakeholders, improve governance, and address persistent delays caused by litigation.
A key provision mandates that insolvency applications be admitted within 14 days once a default is established. Appeals before the National Company Law Appellate Tribunal (NCLAT) must be resolved within three months, while adjudicating authorities are required to approve or reject resolution plans within 30 days.
The Bill…