Sitharaman introduces insolvency law amendment bill in LS; says changes aim to reduce delays https://www.taxtmi.com/news?id=52326 The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 proposes a creditor-initiated out-of-court insolvency mechanism for quicker, less disruptive resolution of genuine business failures, alongside a group insolvency framework for coordinated proceedings across corporate groups and a cross-border insolvency framework to protect stakeholder interests and align domestic practice with international norms; the bill was referred to a select committee after stakeholder consultations. en-us Tue, 12 Aug 2025 20:01:04 +0530 Tue, 12 Aug 2025 20:01:04 +0530 TaxTMI RSS Generator Sitharaman introduces insolvency law amendment bill in LS; says changes aim to reduce delays https://www.taxtmi.com/news?id=52326 The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 proposes a creditor-initiated out-of-court insolvency mechanism for quicker, less disruptive resolution of genuine business failures, alongside a group insolvency framework for coordinated proceedings across corporate groups and a cross-border insolvency framework to protect stakeholder interests and align domestic practice with international norms; the bill was referred to a select committee after stakeholder consultations. News - Tue, 12 Aug 2025 20:01:04 +0530 https://www.taxtmi.com/news?id=52326