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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 editorial@lawwiser.com

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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 editorial@lawwiser.com

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Explainer – Code On Wages, Rajendra Misra

The Labour laws have been consolidated into 4 Codes and this video focuses on one of the – Code on Wages, 2019.

As part of LawWiser’s Expert #Explainer series, Rajendra Mishra, General Counsel, IHCL helps us understand this new Code on Wages that has subsumed the provisions of the Payment of Wages Act, 1936, the Minimum Wages Act, 1948, the Payment of Bonus Act, 1965 and the Equal Remuneration Act, 1976.

He also highlights the key changes to various aspects such as the definition of wage, conditions of payment of wage, and penalty among others. #watchnow to understand what these changes are and how they will impact your organisation.

To get featured in more such conversations, write us on editorial@lawwiser.com

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