The IBC Amendment Bill, 2025, marks the seventh change to the Code, signalling the government’s continued push for a stronger insolvency framework
Cases now take an average of 602 days to resolve, far exceeding intended timelines, eroding asset value and weakening economic productivity
A new creditor-led, out-of-court process targets faster resolutions within 150 days, with limited extensions to reduce business disruption
Provisions for group and cross-border insolvency aim to streamline proceedings, protect stakeholders, and reduce duplication in complex cases
Once default is proven, cases must be admitted within 14 days, ensuring a swifter move towards resolution and limiting procedural delays
Reforms must be matched by adequate capacity at NCLT and NCLAT, without which even the strongest provisions cannot ensure timely outcomes