India's parliament has passed a bill that will make it easier for companies to go bankrupt, the Economic Times reports.
India's parliament has passed a bill that will make it easier for companies to go bankrupt, the Economic Times reports. The new Insolvency and Bankruptcy Code (Amendment) Bill, 2025, was passed with a voice vote Monday. According to the Economic Times, India's finance minister says it took seven years to revive or shut down a company that was sick. He says that's why it took so long to pass the new IBC bill. The bill is expected to be passed by the end of the year.
Limited Perspective Diversity
Coverage diversity: 0%
Limited source diversity detected
Source Coverage Analysis
View all 2 sources
| The Hindu | 1 article | Unknown |
| The Indian Express | 1 article | Unknown |
Related Articles
Lok Sabha passes Bill to amend Insolvency and Bankruptcy Code: Sitharaman says law helped improve banking sector’s health
The Indian ExpressLok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025. The Bill aims to provide a time-bound process to resolve insolvency among companies and individuals. Finance Minister Nirmal...
Lok Sabha passes insolvency law amendments; Sitharaman says Bill will help maximise value for stakeholders
The HinduThe Lok Sabha on Monday (March 30, 2026) passed a Bill to amend the insolvency law to provide for strict timelines. Finance and Corporate Affairs Minister Nirmala Sitharaman said that 12 amendments ar...