Who moved the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, for consideration and passage in the Lok Sabha on behalf of the Ministry of Corporate Affairs?
Minister of State for Corporate Affairs Harsh Malhotra
The Insolvency and Bankruptcy Code (Amendment) Bill, 2026, was moved in the Lok Sabha for consideration and passage by Minister of State for Corporate Affairs Shri Harsh Malhotra on behalf of the Ministry of Corporate Affairs (MCA).
The amendment sought to strengthen the IBC framework by introducing creditor-initiated insolvency resolution, group insolvency provisions, faster admission timelines, and enhanced protection for homebuyers, while streamlining the role of the Insolvency and Bankruptcy Board of India (IBBI).
Corporate Affairs is held as an additional charge by the Union Finance Minister, so the day-to-day parliamentary business of the MCA is often piloted by the Minister of State. Piyush Goyal handles Commerce and Industry, and Arjun Ram Meghwal handles Law and Justice, so neither moved this Bill.
Hence, the Bill was moved by Minister of State for Corporate Affairs Harsh Malhotra.
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