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The Economic Times

Top News / The Economic Times

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Parliament passes amendments to IBC to quicken resolution process, reduce backlog

Parliament has approved changes to the Insolvency and Bankruptcy Code. These amendments aim to speed up resolutions and improve the financial system. The Rajya Sabha passed the bill after the Lok Sabha's approval. Finance Minister Nirmala Sitharaman highlighted the IBC's success in asset recovery. The changes include provisions to reduce the time for admitting insolvency applications.

1 Apr 2026 7:17 pm