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Sign in to searchInsolvency 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-possession” approach with oversight by resolution professionals.
The Bill strengthens timelines—mandating admission within 14 days, approval of resolution plans within 30 days, and disposal of appeals within three months. It also introduces frameworks for cross-border insolvency and group insolvency, aligning India with global best practices. For MSMEs, the voting threshold for approval has been reduced to 51%, facilitating faster resolution and promoter participation.
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Explore the Insolvency and Bankruptcy Code Amendment Bill 2025: CIIRP, stricter timelines, cross-border insolvency, and MSME reforms for faster resolution.
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