<h1>India Introduces PPIRP Regulations 2021 for MSMEs in Insolvency: Streamlined Procedures for Resolution Professionals and Creditors.</h1> The Insolvency and Bankruptcy Board of India has announced the Pre-packaged Insolvency Resolution Process (PPIRP) Regulations, 2021, following the recent amendment to the Insolvency and Bankruptcy Code. Effective immediately, these regulations apply to micro, small, and medium enterprises undergoing insolvency. They outline the procedures and forms necessary for stakeholders, covering aspects such as eligibility and appointment of resolution professionals, public announcements, creditor meetings, and resolution plan evaluations. The regulations aim to streamline the insolvency process for eligible corporate debtors, detailing the management and termination of the PPIRP.