New Delhi, March 30 -- The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, as reported by the Select Committee passed in Lok Sabha on Monday. A total of 12 amendments are being proposed in the Insolvency and Bankruptcy Code (IBC) to strengthen the existing framework and address practical challenges within the system.

While introducing the bill for discussion, Finance Minister Nirmala Sitharaman said in the Lok Sabha, "We are bringing the IBC Amendments Bill, which seeks to strengthen the existing insolvency framework under the Insolvency and Bankruptcy Code of 2016. Practical challenges and incorporating evolving global best practices are being addressed, and also the experience that we've gained between 2016 and now, in between s...