Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill, 2025 to cut delays and align insolvency law

Direct fact

In April 2026, the Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, introduced by Finance Minister Nirmala Sitharaman, to reduce procedural delays and align insolvency law with global best practices.

Key specifics

• The Bill is titled the Insolvency and Bankruptcy Code (Amendment) Bill, 2025.
• It was introduced by Finance Minister Nirmala Sitharaman.
• The Lok Sabha passed the Bill in April 2026.
• The stated aims are to reduce procedural delays and maximise value for stakeholders.
• The amendment seeks to align Indian insolvency law with global best practices.

Exam lens

Question type: Parliament and economy-law linkage, IBC Amendment Bill 2025, Lok Sabha, Nirmala Sitharaman, procedural delays. TNPSC may ask the House that passed the Bill and the law it amends.