Sitharaman introduces insolvency law amendment bill in LS; says changes aim to reduce delays
New Delhi: The government on Tuesday introduced a bill in the Lok Sabha to amend the insolvency law, proposing an out-of-court mechanism to address genuine business failures, group and cross-border insolvency frameworks. Finance and Corporate Affairs Minister Nirmala Sitharaman introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, which was later referred to a select committee…
