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Timely resolution
Business Standard
|August 14, 2025
More efforts are needed to address IBC delays
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Union Minister of Finance and Corporate Affairs Nirmala Sitharaman on Tuesday introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, in the Lok Sabha, paving the way for further improvement in the Insolvency and Bankruptcy Code (IBC).
The Bill has been sent to a select committee of Parliament for deliberation. This is the seventh time the IBC is being amended, and the Bill has been awaited for some time. Various stakeholders and policy analysts have criticised the IBC for falling short of expectations, primarily due to delays. The cases that yielded a resolution plan by the end of June took an average of 602 days. A recent Supreme Court judgment that set aside a resolution plan and ordered the liquidation of a corporate debtor raised serious question marks on the entire process. Fortunately, the judgment has been recalled, and the matter is being heard.
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