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Tag Archive for "pre-packaged-insolvency-resolution-process" -

CentrikBlogsPre-packaged insolvency resolution process

Tag: Pre-packaged insolvency resolution process

PRE-PACKAGED INSOLVENCY PROCESS FOR MSMEs

Posted by Adv_Pooja_DuaPosted on April 8, 2022April 25, 20220 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016, Legal AdvisoryTags CIRP process, CIRP under the Insolvency and Bankruptcy Code, Pre-Pack IRP under IBC in India, Pre-Pack under IBC, Pre-packaged insolvency resolution process, Pre-packed insolvency in India, Pre-packed Insolvency Process for MSMEs under IBC, Pre-packs for MSMEs, proceedings of PRIP, what is pre packaged insolvency resolution process

To provide a relief to MSME and to offer them some respite from this pandemic, the process of pre-packaged insolvency resolution was introduced. This PIRP was introduced by way of ordinance dated 04.04.2021 by the Ministry of Law and Justice.

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Insolvency and Bankruptcy Code (Amendment) Bill, 2021

Posted by AdminPosted on August 27, 2021August 30, 20210 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016Tags filing of new corporate insolvency resolution applications, insolvency and bankruptcy code 2021, insolvency and bankruptcy code amendment bill 2021, insolvency and bankruptcy code ordinance 2021, Insolvency Law, penalty for initiating a pre-packaged IRP, Pre-packaged insolvency resolution process

The Code was enacted in 2016 to consolidate and amend the laws governing corporate reorganization and insolvency resolution for corporations, partnerships, and individuals.

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What is PPIRP (Pre-Packaged Insolvency Resolution Process) ?

Posted by AdminPosted on April 15, 2021April 17, 20210 CommentsCategories Debt Recovery Management, Insolvency & Bankruptcy Code 2016Tags CIRP, CIRP against a corporate debtor, CIRP against the Builder, financial difficulties in MSME sector due to pandemic, PPIRP, Pre-packaged insolvency resolution process, What is PPRIP

PPIRP (Pre-packaged Insolvency Resolution Process) is an alternate for normal Insolvency Process. It has been announced for MSME Sector.

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