The Select Committee on Insolvency and Bankruptcy Code (Amendment) Bill, 2025, headed by MP Baijayant Panda, has invited views and suggestions on the Bill from experts, industry associations, organisations, and stakeholders, according to an official statement.

People can send their memoranda and suggestions in English and Hindi within two weeks.

The IBC (Amendment) Bill proposes several structural and procedural changes to the Insolvency and Bankruptcy Code (IBC), 2016, and was referred to a Select Committee for wider examination.

The proposed amendments in the bill seek to incorporate new concepts including a Creditor-Initiated Insolvency Resolution Process (CIIRP), enabling provisions and measures to enhance efficiency at both resolution and liquidation stages.

Under the existing law

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