Cabinet clears amendments to IBC, Companies Act
The Union Cabinet just greenlit key amendments to the Insolvency and Bankruptcy Code (IBC) and Companies Act, aiming to make it much faster and easier to handle companies in financial trouble (first floated in 2025)
and push for quicker decisions on insolvency cases, more power for creditors, and smoother ways for companies to restructure their debt.
Why this matters
If you're interested in how big businesses bounce back from money problems (or just want the economy running smoother), this matters.
The IBC has already helped resolve more than 1,000 company cases, recovering â‚ą3.3 lakh crore.
With these new tweaks, expect less courtroom drama, faster resolutions, and rules that match global standards—hopefully making India a better place for business and jobs.
Finance Minister Nirmala Sitharaman is set to bring these changes up in Parliament soon.