The Insolvency and Bankruptcy Code, enacted in 2016, has often faced criticism for delays that stretch well beyond the intended 180-day resolution period. Yet no other law has reshaped India’s recovery and debt-resolution framework as profoundly. Over the years, court rulings and government clarifications added nuance but also blurred the law’s original intent.After three years of consultation, the government has now introduced the Insolvency and Bankruptcy Code Amendment Bill 2025, seeking to codify judicial precedents, plug critical gaps, and refocus on creditor rights.
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