This is represent Summary of Pre-Packaged Insolvency Resolution Process

Summary of Pre-Packaged Insolvency Resolution Process

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A pre-packaged insolvency option which would allow the debtors and creditors to work for an informal plan has been proposed by Indian and once the freeze on the filings is lifted as the nation braces for a spike in bankruptcies, the plan would be submitted for approval. Comments have been invited by the Ministry of Corporate Affairs from the General …