Govt to introduce IBC Amendment Bill in second half of Budget session starting Mar 9: FM
New Delhi (PTI): Finance Minister Nirmala Sitharaman on Monday said the government intends to introduce the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 in the second half of the Budget session beginning March 9 as the parliamentary committee has already submitted its report.
The proposed amendments to insolvency law would help further enhancement in the timelines and effectiveness of proceedings as well as alignment of India's insolvency regime more closely with the global best practices.
The parliamentary committee has submitted its report as far as proposed legislation with respect to Insolvency and Bankruptcy Code (IBC) is concerned, she said during an interaction with the media a day after presenting Budget 2026-27 in the Lok Sabha.
"I expect, subject to conditions, to table the Insolvency and Bankruptcy Code (Amendment) Bill in the second half of Budget session starting March 9 incorporating suggestion of the committee," the Finance Minister, who also holds the Corporate Affairs Ministry portfolio, said.
This is going to be the seventh amendment to IBC Act implemented in 2016. So far, it has undergone six legislative interventions since its enactment and the last amendment was in 2021.
The IBC brought about changes in the debtor-creator relationship and was able to instill fear among companies and promoters about insolvency if they fail to repay debts.
On August 12, 2025, the government introduced a Bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code (IBC), proposing a raft of changes, including provisions to reduce the time taken for admission of insolvency resolution applications.
The Bill, which was referred to a select committee of the Lok Sabha, has also submitted its report in December 2025.
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Bidar: YouTuber attempts suicide after accusing SP, other police officers of harassment on Facebook
Bidar: A YouTuber from the district reportedly attempted to commit suicide while going Live on Facebook to accuse police officers, including the Superintendent of Police, of continuously harassing him and and driving him to take the extreme step.
The YouTuber, Salman Khan, who runs the channel ‘Media in Truth’, stated on Thursday that he had been facing harassment from several officers, including the SP, for some time.
“I upload and share videos on a variety of issues on my YouTube channel. I shared all these videos with the SP too, yet, I was called to the SP’s office on the pretext of a peace meeting, where an attempt was made to assault me in front of everyone, completely damaging my dignity and reputation,” Khan has said on Facebook Live.
Speaking further, he said that he was asked why he posted so many videos related to the police.
Claiming that he was called and told to delete the clips, Khan said he was being harassed by the SP himself.
“The SP is misusing his powers and strangulating the truth. He has also harassed several other people in Bidar district,” he said.
He also questioned how the officer would treat others if a media person was being subjected to such harassment.
“I am being forced to close my YouTube channel as the SP is attempting to register a false case against me and he might also take my life. I therefore urge citizens to please take care of my family,” Khan said on Facebook Live before allegedly consuming drugs.
On Thursday night, Khan’s condition was reported to be critical. He is currently undergoing treatment at the Bidar Institute of Medical Sciences (BRIMS) Hospital.
(Assistance for overcoming suicidal thoughts is available on the state’s health helpline 104, Tele-MANAS 14416.)
