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Pre-Packaged Insolvency Resolution Process We are covering entire aspects of Pre-Packaged Insolvency Resolution Process in a series of V write ups. The first part is a mere introduction of Pre-Packaged Insolvency Resolution Process. The Government of India, on 04.04.2021, has notified the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 (“Ordinance”). The Ordinance has introduced a...


INTRODUCTION OF CHAPTER III-A TO THE IBC A separate Chapter – Chapter III-A – has been inserted in the IBC in order to deal with PIRP.   ELIGIBILITY OF CORPORATE DEBTORS FOR PIRP- SECTION 54A The Corporate Debtor (“CD”) should be an MSME under the MSMED Act. The PIRP can be initiated only against those...

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