Quick Summary
The Lok Sabha on Monday (30th March 2026) passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, as reported by the Select Committee. The proposed legislation introduces a series of reforms aimed at improving the efficiency and effectiveness of the insolvency resolution process. The Bill
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FAQ :
The Bill aims to improve the efficiency and effectiveness of the insolvency resolution process by introducing reforms such as a creditor-led insolvency model and provisions for group and cross-border insolvency.
The IBC has contributed Rs 54,528 crore to the total recovery of Rs 1,04,099 crore by Scheduled Commercial Banks, accounting for over 52.3% of total recoveries.
The Bill proposes replacing the fast-track CIRP with a creditor-initiated insolvency model, allowing debtor-in-possession with creditor-in-control, and introducing group and cross-border insolvency provisions.
Yes, all 11 key recommendations made by the Select Committee, chaired by Baijayant Panda, have been accepted by the government.
The new framework aims to make the insolvency process more flexible, efficient, and business-friendly by allowing creditors to initiate insolvency proceedings and manage the process.
The IBC is designed to rescue viable businesses and preserve enterprise value, rather than merely liquidating assets, as evidenced by strong recovery rates over liquidation value.
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