Lok Sabha to pass Insolvency and Bankruptcy Code (Amendment) Bill, 2025 on Friday (March 27, 2026). The Code has so far undergone six legislative interventions, with the last amendment in 2021.
The amendment proposed aims to expedite clearance of IBC cases, and out-of-court resolution, deal with cross-border insolvency and streamline discretionary provisions, BJP MP Anurag Thakur said.
Also read: Parliament Budget Session Highlights on March 25, 2026
The Lok Sabha on Wednesday (March 25, 2026) passed the Finance Bill 2026, along with 32 Government amendments. With the passage of the Finance Bill 2026, the Lok Sabha completed its part of the Budgetary approval process. The Upper House, Rajya Sabha, will now consider the Bill.
Mr. Rijiju informed the MPs that Friday is usually designated for Private Members’ Business; however, passing the Finance Bill that day is “extremely important.” The second half of Friday is typically reserved for private members’ business in Rajya Sabha.