Pre-Packaged Insolvency Process for MSME

Pre-Packaged Insolvency Process for MSME The Insolvency and Bankruptcy Board of India (IBBI) on April 04, 2021, has issued the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021. The ordinance will allow a pre-packaged insolvency resolution process for MSMEs. A pre-packaged…

Insolvency and Bankruptcy Board of India

Insolvency and Bankruptcy Board of India Since its constitution, the Insolvency and Bankruptcy¬†Board has issued draft rules on the regulation of insolvency professionals (IPs) and insolvency professional agencies (IPAs) to handle bankruptcy issues in India. In this article, we look…

Acts of Insolvency

Acts of Insolvency The personal insolvency laws in India are designed to address the case of an individual who is not able to pay his/her debts. The aim of the personal insolvency laws in India is to protect the insolvent…