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The ground seems to be ready to experiment new options for resolution of stress and the market is anticipating a hybrid framework between a court-supervised insolvency framework and an out-of-court restructuring schemes, IBBI Chairperson M S Sahoo has said.
In place for more than four years, the Insolvency and Bankruptcy Code (IBC) is helping in resolution of stressed assets in a market-linked and time-bound manner, and the proposal for pre-pack framework is also in the works.
Since some tasks of an insolvency proceeding are completed before the formal process begins, and some elements of formal process are avoided, pre-pack saves both on costs and time, Sahoo told PTI. ....

National Company Law Tribunal , Bankruptcy Code , Bankruptcy Board , Corporate Insolvency Resolution Processes , Companies Act , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , திவால்நிலை குறியீடு , திவால்நிலை பலகை , பெருநிறுவன நொடித்துப்போனது தீர்மானம் ப்ரோஸெஸஸ் , நிறுவனங்கள் நாடகம் ,