'Its Success May Open It For Other Borrowers': Experts Welco

‘Its Success May Open It For Other Borrowers’: Experts Welcome Pre-Packaged Insolvency Process Introduced For MSMEs 
IBC will emerge as an invincible tool against future defaults
The Centre has promulgated the IBC Amendment Ordinance to allow a pre-packaged insolvency process for MSMEs.
Experts said that if successful, the regime may be available for other corporate borrowers.
L. Viswanathan, the Partner, Cyril Amarchand Mangaldas, said the government has cautiously introduced the pre-pack regime only for the MSME sector at this point in time, which is welcome.
"Depending on the success of the pre-pack regime for the MSME sector, one can expect this regime to be made available for other corporate borrowers", he added.

Related Keywords

Switzerland , Swiss , Cyril Amarchand Mangaldas , Soumitra Majumdar , J Sagar Associates , , Swiss Challenge , Msmes , Insolvency And Bankruptcy Board Of India , Pre Packaged Resolution , சுவிட்சர்லாந்து , சுவிஸ் , சிரில் அமர்சந்த் மங்கல்தாஸ் , சூமித்ரா மஜும்தார் , ஜு சாகர் கூட்டாளிகள் , சுவிஸ் சவால் , நொடித்துப்போனது மற்றும் திவால்நிலை பலகை ஆஃப் இந்தியா , பிரே ப்யாகேஜ்ட் தீர்மானம் ,