India's bankruptcy law gets another reboot but will it work this time?

To its credit, the government has been constantly working to improve the code, and the latest Bill is a step in the right direction

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman on Tuesday introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, in the Lok Sabha, paving the way for further improvement in the Insolvency and Bankruptcy Code (IBC). The Bill has been sent to a select committee of Parliament for deliberation. This is the seventh time the IBC is being amended, and the Bill has been awaited for some time. Various stakeholders and policy analysts have criticised the IBC for falling short of expectations, primarily due to delays. The cases that yielded a resolution plan by the end of