ResetTotal Records : 36 < 1 2 > >> An Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alteration in the order of priority of payment of Government dues and to establish an Insolvency and Bankruptcy Board of India, and for matters connected ... Centre introduced the IBC in 2016 to resolve claims involving insolvent companies. The bankruptcy code is a one stop solution for resolving insolvencies, which previously was a long process that did not offer an economically viable arrangement. The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was introduced in Lok Sabha on August 12, 2025. It amends the Insolvency and Bankruptcy Code, 2016. Insolvency is a situation where an entity is unable to repay its outstanding debt. The Code provides a time-bound process for resolving insolvency among companies and individuals.
