Pre-pack Scheme Under IBC Likely for Large Cos Too
Introduction: The government plans to introduce provisions under the Insolvency Code to allow large stressed companies to opt for a quicker and informal debt resolution process with creditors before approaching NCLT for approval. Analysis for a Layman: The current pre-packaged insolvency rules only cover smaller MSMEs facing bankruptcy and has strict timelines. But it has […]
Pre-pack Scheme Under IBC Likely for Large Cos Too Read More »