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MSME & IBC1.0

ArticlesNovember 14, 202451Views 0Likes 0Comments

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 & IPR: DECIPHERING IPR UNDER IBC

ArticlesNovember 14, 202468Views 0Likes 0Comments

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…

Section 10 of IBC

ArticlesOctober 12, 2024136Views 0Likes 0Comments

The Insolvency and Bankruptcy Code, 2016 (IBC), was enacted to streamline insolvency proceedings and ensure timely resolution of corporate distress. However, the COVID-19 pandemic created an extraordinary economic situation, and the Government of India responded with amendments to the IBC, introducing Section 10A. This provision was added to offer temporary relief to businesses struggling due…

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