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Informative

IBC Strengthened with 6 Amendments, 122 Reforms: Over 8,000 CIRPs Initiated, ₹3.58 Lakh Crore Realized, Says MoS Harsh Malhotra

Update / Judgement Date

02 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy Code

MOS Harsh Malhotra stated that the IBC has been strengthened with 6 amendments and 122 reforms, with over 8,000 CIRPs initiated and ₹3.58 lakh crore realized. This reflects the government's efforts to improve the insolvency framework. The reforms aim to enhance efficiency and transparency in insolvency proceedings. This statement highlights the positive impact of the IBC. This data shows the success of insolvency reforms. This information is important for the economy.