Title Image

SME/MSMEs

Pre Pack Insolvency and its Implications – Parvesh Kheterpal and Bomi F. Daruwala

An ordinance has recently been promulgated for allowing the use of pre-packs as an insolvency resolution mechanism for Micro, Small and Medium Enterprises (MSMEs).

 

The defaults threshold is up to Rs 1 crore, under the Insolvency and Bankruptcy Code. This system of insolvency proceedings is becoming an increasingly popular mechanism for insolvency resolution in the UK and Europe over the past decade.

Watchnow LawWiser video where we discuss the Pre-packs Insolvency and its implications with Bomi Daruwala, Managing partner, Vaish Associates and Parvesh Khetrapal, Head legal and CS, Feedback Infra Group.

 

They discuss the idea behind the process, its benefits, how it protects the creditors from the misuse and what will be the impact of the second wave of pandemic on this new resolution process.

To get featured in more such conversations, write us on [email protected]

0

In Conversation – Pre-Packaged Insovency

Watch this video where Mr. Mukund P Unny talks about Pre-pack insolvency.

 

He touches upon various important points right from the basics. It’s a newly announced policy and the effect of it is yet to be seen. In light of that, he analyses the impact on MSMEs as well as the process in detail.

As parting thoughts, he also spoke to us about the benefits as well as disadvantages of a policy like this.

To get featured in more such conversations, write us on [email protected]

0

Resuming Businesses Activities After Lockdown | Focus- SME/MSME

As we head towards easing of lockdown, SME/MSME sector has been severely affected due to the disruptions in business activities. Mohit Kapoor, Senior Partner, Universal Legal, answers LawWiser’s questions concerning SME/MSME sector on resuming businesses post-lockdown.

To get featured in more such conversations, write us on [email protected]