New Delhi, March 30 -- The Lok Sabha on Monday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, marking a major overhaul of India's insolvency resolution framework with an emphasis on faster processes, stronger creditor control, and alignment with global standards. The legislation was approved as reported by a select Committee after detailed scrutiny.
The Bill, originally introduced on August 12, 2025, seeks to amend the Insolvency and Bankruptcy Code, 2016, which established a unified and time-bound mechanism to resolve insolvency across companies, partnership firms, and individuals. Insolvency arises when an entity is unable to meet its debt obligations, and the Code has been a key pillar of India's financial reform arch...