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Pre-Packaged Insolvency Resolution Process Framework – A Leap Forward - Insolvency/Bankruptcy/Re-structuring


1. Introduction
Covid-19 related stress severely impacted all aspects of the
Indian economy including the nascent insolvency regime under the
Insolvency and Bankruptcy Code, 2016
(
Code ). The financial stability report
(
FSR ) of December 2020 released by the
Reserve Bank of India (
RBI ) predicts a
sharp rise in the gross non-performing assets of banks by September
2021
1. The FSR predicts uncertainty in the economic
recovery path although it assures that the worst is behind.
Needless to say, economic recovery is impossible without resolution
of bad debts and especially Covid-19 defaults. Consequently, the
report of sub-committee of Insolvency Law Committee on the
pre-packaged insolvency resolution process ( ....

Abhijit Lee Raghu Mohan , Ministry Of Company Affairs , Insolvency Law Committee , Bankruptcy Code , Reserve Bank , Company Affairs , Bankruptcy Board , Insolvency Process , Managing Director , Information Utility , Raghu Mohan , Pre Packaged Insolvency Resolution Process Framework X2013a Leap Forward , Insolvency Bankruptcy Re Structuring , Insolvency Bankruptcy , அமைச்சகம் ஆஃப் நிறுவனம் வாழ்க்கைத்தொழில்கள் , நொடித்துப்போனது சட்டம் குழு , திவால்நிலை குறியீடு , இருப்பு வங்கி , நிறுவனம் வாழ்க்கைத்தொழில்கள் , திவால்நிலை பலகை , நொடித்துப்போனது ப்ரோஸெஸ் , நிர்வகித்தல் இயக்குனர் , தகவல் பயன்பாடு , ரகு மோகன் , நொடித்துப்போனது திவால்நிலை ,