Tuesday, August 25, 2020

Pre-packaged insolvency resolution framework for MSMEs soon Source Economic Times

 Pre-packaged insolvency resolution Features

Debtors arranges resolution plan with  creditors' acceptance prior to court proceedings

Faster, cheaper process but can lead malafide intent being  realized 


A pre-packaged resolution is one where a company prepares a restructuring plan in cooperation with its creditors before initiating insolvency proceedings

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