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What is “Pre-pack”?, Insolvency resolution option for MSMEs

  Apr 20, 2021

What is “Pre-pack”?, Insolvency resolution option for MSMEs

Q. What is the news? 

Q. What are pre-packs?

Q. What are the benefits of pre-packs over the Corporate Insolvency Resolution Process (CIRP)?

Q. What is the key motivation behind the introduction of the pre-pack?

Q. How are creditors protected from misuse by promoters to simply reduce liabilities and retain control?