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Clean slate in IBC as govt accepts proposals
Hindustan Times Lucknow
|January 12, 2026
The Centre has accepted all recommendations, barring one, of a Lok Sabha panel proposing changes to India’s bankruptcy law, setting the stage for sweeping changes to the eight-year-old legislation.
This paves the way for the Insolvency and Bankruptcy Code (Amendments) Bill, 2025 to be passed in the upcoming budget session of Parliament starting 28 January, two people aware of the matter said on condition of anonymity.
The bill, introduced in Parliamentin the monsoon session by finance and corporate affairs minister Nirmala Sitharaman, was referred to a select committee of the Lok Sabha led by MP Baijayant Panda.
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