SECP steps up efforts to help revive sick firms Business December 18, 2020 ISLAMABAD: Given the stress caused on businesses and the resulting challenges, the Securities and Exchange Commission of Pakistan (SECP) organised a Webinar on Corporate Rehabilitation Act, 2018 (CRA) and the Corporate Restructuring Companies Act, 2016 (CRC Act) to create awareness about corporate insolvency laws, a statement said on Thursday. Honorable Justice Jawad Hassan, Commercial & Constitutional Judge of Lahore High Court was the chief guest. These laws provide a structured process for distressed companies to attempt their revival through corporate or financial restructuring plans and provide a well-defined mechanism for resolution of non-performing loans.