Categories: Business

Lok Sabha passes Bill to amend Insolvency and Bankruptcy Code; here’s what it means

The Lok Sabha has approved the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, a move lauded by Finance Minister Nirmala Sitharaman for revitalizing India’s banking sector. The amendments aim to expedite case admissions and curb system misuse, building on the IBC’s success in resolving over half of stressed assets and improving corporate governance for rescued firms.

The News Vista

Leave a Comment
Share
Published by
The News Vista
5 months ago

Recent Posts

‘Modi govt has created two systems in country’: Rahul Gandhi targets NCLT

1 hour ago

‘It gets very frustrating’: Gill coming to terms with the captaincy challenge

With the series won and positives accumulated, Shubman Gill asserted that they still have a…

1 hour ago

Red mangroves brought to Hawaii now threaten wetlands and endangered birds

In Hawaii, environmental teams are embarking on an ambitious project to eradicate invasive red mangroves,…

1 hour ago

Hockey WC: India hammer Germany 3-1 to seal best finish since 1974

India defeated Germany 3-1 to finish fifth at the 2026 Women’s Hockey World Cup, their…

1 hour ago

Cyberattack hits 3 UK airports, data of 8.7 million customers leaked

Post Content

1 hour ago

Nepal floods: MEA sets up control room; nearly 200 Indians missing

2 hours ago