New Delhi, Aug. 13 -- Finance and corporate affairs minister Nirmala Sitharaman tabled the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, in the Lok Sabha on Tuesday. The proposed amendments aim to reduce resolution delays, maximise value for all stakeholders, and improve governance of all processes under the IBC.

They propose to focus on the creditor-initiated insolvency resolution process which involves creditors settling insolvency matters out of court, thereby reducing the burden of cases on insolvency tribunals. The National Company Law Tribunal (NCLT) will only have to approve the resolution plans, thus reducing the timelines under the IBC. Mint takes a closer look at the amendments.

The Insolvency and Bankruptcy Code, one...