Pre-pack insolvency introduced: time-bound statutory process with creditor-approved base plans, moratorium, professional duties, and penalties. The Act creates a statutory pre-packaged insolvency resolution process for eligible corporate debtors, setting eligibility conditions (no recent insolvency, creditor and member approvals, conformity of a base resolution plan), a filing regime under section 54C with prescribed documents, mandatory admission or rejection within 14 days, a moratorium on admission, and tightly prescribed timelines-120 days to complete the pre-pack and 90 days to submit the committee-approved plan-alongside duties and powers of the insolvency/resolution professional, creditor voting thresholds, competitive consideration of base and competing plans, conversion or termination mechanics, and penalties for fraudulent filings and conduct.