Insolvency and Bankruptcy Code (Amendment) Bill, 2025
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 introduces significant reforms to the Insolvency and Bankruptcy Code, 2016, aiming to address delays and inefficiencies in the resolution process. A major feature is the introduction of a creditor-initiated insolvency resolution process (CIIRP), allowing select financial creditors to trigger resolution outside courts, thereby reducing dependence on judicial intervention. The model adopts a “debtor-in-possessi
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