https://www.taxtmi.com/news?id=23937 The Ordinance introduces a Pre-Packaged insolvency resolution process for MSMEs as an alternative, expedited framework to ensure quicker, cost effective and value maximising resolution while preserving business continuity and employment. It adds a new chapter (IIIA) and sections including 11A, 67A and 77A and amends multiple Code provisions to implement Insolvency Law Committee recommendations and reduce burden on Adjudicating Authorities, lower process costs, protect operational creditor rights and maintain commercial relationships. en-us Wed, 07 Apr 2021 18:20:00 +0530 Wed, 07 Apr 2021 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23937 The Ordinance introduces a Pre-Packaged insolvency resolution process for MSMEs as an alternative, expedited framework to ensure quicker, cost effective and value maximising resolution while preserving business continuity and employment. It adds a new chapter (IIIA) and sections including 11A, 67A and 77A and amends multiple Code provisions to implement Insolvency Law Committee recommendations and reduce burden on Adjudicating Authorities, lower process costs, protect operational creditor rights and maintain commercial relationships. News - Wed, 07 Apr 2021 18:20:00 +0530 https://www.taxtmi.com/news?id=23937