New Delhi, Aug 12 (PTI) Finance Minister Nirmala Sitharaman on Tuesday introduced a bill in the Lok Sabha to amend the insolvency law.

After the introduction, the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was referred to a select committee of the House following a request from the minister.

The insolvency law is being implemented by the Corporate Affairs Ministry, which is also helmed by Sitharaman.

The Code, introduced in 2016, has undergone six legislative interventions since its enactment and the last amendment was made in 2021. PTI RAM MR MR

Insolvency law amendment introduced and sent to select committee, initiating legislative review of the Insolvency and Bankruptcy Code. The Insolvency and Bankruptcy Code (Amendment) Bill was introduced in the lower house and referred to a select committee for detailed consideration; the Code is administered by the Corporate Affairs Ministry, and this proposal follows multiple legislative interventions to the Code since its enactment in 2016, the most recent of which was in 2021.