New Delhi, Aug. 12 -- New Delhi: India's bankruptcy playbook is set for its biggest rewrite since the Insolvency and Bankruptcy Code (IBC) came into force in 2016. The IBC (Amendment) Bill 2025 - tabled in the Lok Sabha on Tuesday by finance and corporate affairs minister Nirmala Sitharaman and referred to a select committee - proposes to shift much of corporate debt resolution from crowded courtrooms to boardroom tables.

led, largely out-of-court insolvency process for quick rescue, faster tribunal timelines, a new framework for group insolvencies and cross-border bankruptcies, and clearer rules on the priority of government dues. It also marks a big departure from the current regime by allowing management of bankrupt companies to conti...