Parliament Budget Session LIVE: Rajya Sabha takes up Question Hour
GS2Polity · Governance · IR· Parliament & state legislatures· Prelims + Mains·
Why in news
The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, which is now moving to the Rajya Sabha for consideration.
Background
The bill includes 32 government amendments aimed at expediting IBC cases and facilitating out-of-court resolutions. It specifically addresses cross-border insolvency issues and seeks to streamline discretionary provisions within the existing framework.
Facts for Prelims
- Act / BillInsolvency and Bankruptcy Code (Amendment) Bill, 2025: Aims to expedite IBC cases and facilitate out-of-court resolutions.
- FactThe Lok Sabha passed the bill on March 25, 2026, with 32 government amendments.
- FactThe bill is scheduled for consideration by the Rajya Sabha on March 27, 2026.
For Mains
Q. Discuss how the proposed amendments to the Insolvency and Bankruptcy Code can enhance the ease of doing business and streamline the resolution of distressed assets in India.
Dimensions to cover in your answer
- Judicial bottleneck: Reducing time-lag in IBC proceedings to prevent asset erosion
- Regulatory clarity: Standardizing discretionary provisions to ensure uniform application across different insolvency cases
- Global alignment: Addressing cross-border insolvency to facilitate international investment and debt recovery
Keywords: Insolvency and Bankruptcy Code · Out-of-court resolution · Cross-border insolvency · Legislative process · Distressed assets
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