Minister Shivraj Singh Chouhan2 hrs ago
IBC Amendment Bill 2025, passed by Lok Sabha, introduces creditor-driven reforms
Written By ANI
Published: | Updated:
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 passed in the Lok Sabha on Monday. Featuring 12 amendments, the revised legislation introduces significant changes to India's insolvency resolution framework, including new creditor-driven mechanisms, stricter timelines, and provisions for cross-border and group insolvency.
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The amended Bill empowers the central government to frame rules for handling the insolvency of corporate groups.
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