Insolvency and Bankruptcy Code (Amendment) Bill, 2025, introduces new penalty provisions (from ₹1 lakh to ₹2 crore) on persons initiating frivolous proceedings. It introduces a Creditor-Initiated Insolvency Resolution Process that allows for out-of-court commencement of insolvency proceedings. The bill mandates adjudicating authority to approve or reject resolution plan within 30 days of receipt.