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India's Lok Sabha Passes Bill to Amend Insolvency and Bankruptcy Code
India's Lok Sabha has approved the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, a measure praised by the Finance Minister for its potential to revitalize India's banking sector by expediting case admissions and preventing system misuse.
30 Mar, 09:17 — 30 Mar, 10:55
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Times of IndiaMostly Factual157d ago
Lok Sabha passes Bill to amend Insolvency and Bankruptcy Code; here's what it means
The Lok Sabha has approved the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, a move lauded by Finance Minister Nirmala Sitharaman for revitalizing India's banking sector. The amendments aim to expedite case admissions and curb system misuse, building on the IBC's success in resolving over half of stressed assets and improving corporate governance for rescued firms.
By TOI BUSINESS DESK
Read full article →indian-expressMostly Factual157d ago
Lok Sabha passes Bill to amend Insolvency and Bankruptcy Code: Sitharaman says law helped improve banking sector’s health
By Vikas Pathak
Read full article →Coverage Timeline
First report: Times of India · 30 Mar, 09:17|Full coverage: 2 · 2h|Window: 2h
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