Insolvency and Bankruptcy Code (Amendment) Bill introduced in Lok Sabha, to be examined by Select Committee
A bill that introduces a “creditor-initiated insolvency resolution process” with an out-of-court initiation mechanism for genuine business failures to facilitate faster and more cost-effective insolvency resolution was introduced in Lok Sabha on Tuesday. Finance Minister Nirmala Sitharaman introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025′ amid uproar by opposition members over their demand for…