Pre-packaged insolvency resolution process defined, aligning terminology with the Insolvency and Bankruptcy Code for corporate cases.

Defines key terms for the pre-packaged insolvency framework: Code means the Insolvency and Bankruptcy Code, 2016; pre-packaged insolvency resolution process means the insolvency resolution process for corporate persons under Chapter III-A of Part II of the Code; Form means a Form appended to these rules; and identification number means the LLP identification number or corporate identity number. Unspecified words and expressions take the meanings assigned in the Code.

---

---

---