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Insolvency law Tag

Key Changes in PPI Master Directions

Watch now LawWiser’s In a Minute video where Sriram Ramachandran, Partner, Phoenix Legal, takes us through Key Changes in PPI Master Directions.

The RBI in August 2021 issued master directions on Prepaid Instruments superseding the existing regulations issued in 2017.

Sriram takes us through the key changes that the RBI has introduced in the PPI master directions in respect of categorization and authentication. He further helps us understand the number of safety and security measures that have been incorporated and how these changes will transact more seamlessly for the end-users.

Watch this video and learn more about it #InAMinute

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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. Watch now 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]

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