IBC Amendment Bill Expected in Budget Session's Second Half: Nirmala Sitharaman

• Finance Minister Nirmala Sitharaman announced the government's plan to introduce the IBC Amendment Bill, 2025 in the second half of the Budget session, starting March 9.
• The introduction follows the parliamentary committee's submission of its report on the proposed legislation.
• Amendments aim to improve insolvency proceedings' timelines, strengthen effectiveness, and align with global best practices.
• This will be the seventh amendment to the IBC since its inception in 2016, with the last one in 2021.
• The IBC has fundamentally reshaped debtor-creditor relationships and instilled discipline in debt repayments.

Why It Matters: The IBC Amendment Bill, 2025, focusing on improving insolvency processes, is set for the Budget session.