Insolvency Law Amendment Bill Introduced in Lok Sabha
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Finance Minister introduces bill to amend the Insolvency and Bankruptcy Code in Lok Sabha. Bill referred to select committee.
Photograph: ANI Photo
New Delhi, Aug 12 (PTI) Finance Minister Nirmala Sitharaman on Tuesday introduced a bill in the Lok Sabha to amend the insolvency law.
After the introduction, the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was referred to a select committee of the House following a request from the minister.
The insolvency law is being implemented by the Corporate Affairs Ministry, which is also helmed by Sitharaman.
The Code, introduced in 2016, has undergone six legislative interventions since its enactment and the last amendment was made in 2021.
After the introduction, the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was referred to a select committee of the House following a request from the minister.
The insolvency law is being implemented by the Corporate Affairs Ministry, which is also helmed by Sitharaman.
The Code, introduced in 2016, has undergone six legislative interventions since its enactment and the last amendment was made in 2021.
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