Parliament Budget Session LIVE: Rajya Sabha takes up Question Hour
GS2राजव्यवस्था · शासन · अंतर्राष्ट्रीय संबंध· Parliament & state legislatures· Prelims + Mains·
चर्चा में क्यों
The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, which is now moving to the Rajya Sabha for consideration.
पृष्ठभूमि
The bill includes 32 government amendments aimed at expediting IBC cases and facilitating out-of-court resolutions. It specifically addresses cross-border insolvency issues and seeks to streamline discretionary provisions within the existing framework.
प्रीलिम्स के लिए तथ्य
- अधिनियम / विधेयकInsolvency and Bankruptcy Code (Amendment) Bill, 2025: Aims to expedite IBC cases and facilitate out-of-court resolutions.
- तथ्यThe Lok Sabha passed the bill on March 25, 2026, with 32 government amendments.
- तथ्यThe bill is scheduled for consideration by the Rajya Sabha on March 27, 2026.
मेन्स के लिए
Q. Discuss how the proposed amendments to the Insolvency and Bankruptcy Code can enhance the ease of doing business and streamline the resolution of distressed assets in India.
उत्तर के आयाम
- Judicial bottleneck: Reducing time-lag in IBC proceedings to prevent asset erosion
- Regulatory clarity: Standardizing discretionary provisions to ensure uniform application across different insolvency cases
- Global alignment: Addressing cross-border insolvency to facilitate international investment and debt recovery
कीवर्ड: Insolvency and Bankruptcy Code · Out-of-court resolution · Cross-border insolvency · Legislative process · Distressed assets
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