New Delhi, March 10 The Union Cabinet approved amendments to the insolvency law and the Companies Act on Tuesday, according to sources.
Specific details could not be immediately ascertained.
The sources said that the Cabinet has approved various amendments to the Insolvency and Bankruptcy Code (IBC) and the Companies Act, 2013.
Both laws are implemented by the corporate affairs ministry.
In August last year, the ministry had introduced a Bill in the Lok Sabha to amend the 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.
Last month, Finance and Corporate Affairs Minister Nirmala Sitharaman had said that the government intends to introduce the IBC (Amendment) Bill, 2025 in the second half of the Budget session.
The session commenced on Monday.