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Centre brings ordinance to introduce pre-packaged debt resolution process for MSMEs

Centre brings ordinance to introduce pre-packaged debt resolution process for MSMEs The suspension wherein fresh insolvency proceedings were not allowed for a year starting from March 25, 2020 was implemented amid the coronavirus pandemic disrupting economic activities PTI | April 5, 2021 | Updated 14:48 IST The government has amended the insolvency law to provide for a pre-packaged resolution process for micro, small and medium enterprises. An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification. The latest move comes less than two weeks after the suspension of certain IBC provisions ended. The suspension wherein fresh insolvency proceedings were not allowed for a year starting from March 25, 2020 was implemented amid the coronavirus pandemic disrupting economic activities.

Best of BS Opinion: Valuing AT1 bonds, SC right to protect IBC, and more

Best of BS Opinion: Valuing AT1 bonds, SC right to protect IBC, and more
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Private Banks Excel In Twin Touchstones: Deposits And Lending Without Mishaps

Private Banks Excel In Twin Touchstones: Deposits And Lending Without Mishaps by S Murlidharan - Mar 17, 2021 05:19 PM INDRANIL MUKHERJEE/AFP/GettyImages The Modi government has clearly set out a clear road map. One hopes the two-day strike by employees of public sector banks (PSBs) with dark hints of more to come does not deter the Union government from its determination to privatise PSBs. To be sure, the government did not entirely cave in to the demands of the agitating farmers by staying firm on not withdrawing the three farm bills but its offer to keep them in suspended animation for 18 months showed signs of cracking up if not of pusillanimity in the government.

324 companies filed for bankruptcy between 2018 to 2020

SC right to protect IBC

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