IBC Amendment Bill Expected in Second Half of Budget Session: Nirmala Sitharaman

The Union government is likely to place the Insolvency and Bankruptcy Code (Amendment) Bill before Parliament in the latter half of the Budget session beginning March 9.

The proposed law, introduced in August 2025, has been examined by a Select Committee, which has since submitted its recommendations.

Nirmala Sitharaman said the changes are intended to strengthen the insolvency resolution process and reduce procedural delays. She added that over 1,000 companies have been resolved under the IBC, resulting in recoveries of more than ₹3.3 lakh crore.

The reforms will also focus on enhancing tribunal capacity and incorporating group and cross-border insolvency mechanisms.