Decoding Pre-Pack Insolvency: A Comprehensive Guide to the Process

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.