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An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification
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.
As per the ordinance, it is considered necessary to urgently address the specific requirements of Micro, Small and Medium Enterprises (MSMEs) relating to the resolution of their insolvency, due to the unique nature of their businesses and simpler corporate structures. ....

Soumitra Majumdar , J Sagar Associates , Medium Enterprises Msmes , Bankruptcy Code , Medium Enterprises , Swiss Challenge , Insolvency Law , Small And Medium Enterprises , Insolvency And Bankruptcy Code , Ibc Code , Ibc Provisions , சூமித்ரா மஜும்தார் , ஜு சாகர் கூட்டாளிகள் , திவால்நிலை குறியீடு , நடுத்தர நிறுவனங்கள் , சுவிஸ் சவால் , நொடித்துப்போனது சட்டம் , சிறிய மற்றும் நடுத்தர நிறுவனங்கள் , நொடித்துப்போனது மற்றும் திவால்நிலை குறியீடு , ஐபீஸீ குறியீடு , ஐபீஸீ விதிகள் ,