Finance Minister Nirmala Sitharaman on Monday said the government intends to introduce the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 in the second half of the Budget session beginning March 9, as the parliamentary committee has already submitted its report.
The proposed amendments to insolvency law would help further enhance the timelines and
effectiveness of proceedings, as well as align India’s insolvency regime more closely with global best practices.
The parliamentary committee has submitted its report on the proposed legislation with respect to the Insolvency and Bankruptcy Code (IBC), she said during an interaction with the media a day after presenting Budget 2026-27 in the Lok Sabha.