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PREPACK INSOLVENCY
IBC study calls for auction reform to boost MSME insolvency resolutionA new study suggests changes to how bankrupt micro, small, and medium enterprises are rescued. It proposes a single objective auction model...- Budget 2025: Relief for a larger segment of Indian promoters under the insolvency codeThe Indian government's reclassification of MSMEs brings more companies under Pre-packaged Insolvency Resolution Process (Prepacks). This a...
- NCLT sees 43% rise in debt resolution cases: IBBIIBBI marks 2023-24 as significant, NCLT sees 43% more resolutions. 'Mediation' in IBC, prepack insolvency for large corp. Outputs surpass i...
- MCA seeks inputs from shareholders to revamp IBC rulesIn a notice, the ministry also said it’s seeking to tweak the rules on the application to the adjudicating authority, the annual statement ...
- Pre-pack scheme under IBC likely for large companies tooAs part of amendments to the IBC, the corporate affairs ministry will likely include the provision to extend the pre-packaged insolvency fr...
- Aluminum Co. becomes first to get debt resolution from banks under pre-pack rulesSudal Industries, an aluminium products manufacturer, has become the first Indian company to get a debt resolution from banks under the ins...
- Govt proposes framework for cross-border insolvency; seeks comments till Dec 15The government is preparing to come out with a cross-border insolvency resolution framework based on the UNCITRAL model law and is proposed...
- In a first, NCLT admits first pre-pack resolution caseAs per the laws, MSMEs should not have a turnover of more than Rs 250 crore excluding exports, and the investment in plant and machinery sh...
- Change in IBC paves way for prepack solutions for the MSME sectorThe notification was issued after the IBC amendment bill approved by the Parliament received presidential assent.
- Insolvency pre-packs good for small firmsRegulation should be light-touch, however, and pre-packs should cover larger companies.
- IBBI notifies prepack insolvency resolution process regulations for MSMEsThe prepack regulations define the eligibility and terms of appointment of resolution professionals, the norms for meetings between credito...
- Pre-packaged insolvency plan for MSMEs to save jobs: MCA SecyThe new framework applies to defaults occurring during the pandemic and is based on the ‘debtor-in-possession’ model with the involvement o...
- Centre promulgates IBC amendment ordinance to allow pre-packaged insolvency for MSMEsA pre-packaged resolution essentially translates to a company preparing a restructuring plan with its creditors before initiating insolvenc...
- Insolvency resolution: The IBC story so far and the way forwardJurisprudence of any legislation takes time to evolve and IBC was no exception.
- MCA proposes prepack insolvency process to address Covid-related stressThe draft regulations seek to hasten the resolution process with the bulk of the discussions between debtors and creditors taking place out...
- Ground seems ready for new options to resolve stressed assets: IBBI chiefIn place for more than four years, the Insolvency and Bankruptcy Code (IBC) is helping in resolution of stressed assets in a market-linked ...
- Govt weighs 2 options for pre-pack IBC resolutionThe move was aimed at quickening the pace of insolvency resolution while reducing the burden on the NCLT since prepacks will be decided out...
- Special insolvency resolution framework for MSMEs at advanced stage: IBBI chiefAmid the coronavirus pandemic that has also significantly impacted economic activities, the government has already suspended certain provis...
- Getting a move on: Is it time for pre-packaged insolvency in India?While restructuring outside the Code is a possible option, it would not offer certain benefits available under the Code, such as the morato...
- Pre-packaged resolution plan to help expedite insolvency process: ExpertsAs part of efforts to fast-track processing of cases, the government has been mulling introduction of the provision for pre-packaged (pre-p...
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