MSME & IBC 1.0 : Understanding MSME under the IBC, 2016
INTRODUCTION: MSME Act.
Micro, Small, and Medium Enterprises (MSME) has been the growth engines of New India and government has from time to time, announced special provisions related to this sector. This sector is governed by The Micro, Small, and Medium Enterprises Development Act,…
IBC & MSME: 2.0: Pre-Packaged Insolvency Resolution Process
In our last article, “MSME & IBC 1.0:[1] Understanding MSME under the IBC, 2016”, we discussed the MSME Act, the reciprocity between IBC and MSME and the Roleplay so far. In this letter, we will touch base upon the aspect of Pre-Packaged Insolvency Resolution Process under the…
Presenting the Union Budget 2024-25 in the Lok Sabha, Finance Minister Nirmala Sitharaman announced significant measures related to Insolvency and Bankruptcy, aiming at enhancing judicial efficiency and technological integration.
Key highlights include the development of an integrated tech platform, the strengthening of existing tribunals, and the establishment of additional benches of the National Company Law Tribunals…