Ancoraa Resolution10 Feb, 2024Business
The role of Micro, Small and Medium Enterprises (MSMEs) in driving employment and Gross Domestic Product has led to the introduction of the pre-pack insolvency resolution process (PPIRP). The PPIRP aims to provide a swift, cost-effective, and value-maximizing alternative insolvency resolution process tailored for the MSME sector. Its focus is on preserving jobs and ensuring minimal disruption to the continuity of businesses.
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