https://www.taxtmi.com/news?id=24272 Establishes a statutory pre-packaged insolvency resolution process (Chapter III-A) permitting eligible corporate debtors-primarily MSMEs or others meeting prescribed default thresholds-to obtain pre filing creditor approvals (including a 66% financial creditor threshold), propose and have a named insolvency professional report on eligibility, submit a base resolution plan and preliminary information memorandum, and, upon admission, proceed under a time bound process (120 days, with key plan submission within 90 days) governed by specified duties, powers, moratorium, committee led evaluation and statutory routes for approval, termination, conversion to CIRP or liquidation. en-us Tue, 27 Jul 2021 13:31:21 +0530 Wed, 11 Feb 2026 15:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24272 Establishes a statutory pre-packaged insolvency resolution process (Chapter III-A) permitting eligible corporate debtors-primarily MSMEs or others meeting prescribed default thresholds-to obtain pre filing creditor approvals (including a 66% financial creditor threshold), propose and have a named insolvency professional report on eligibility, submit a base resolution plan and preliminary information memorandum, and, upon admission, proceed under a time bound process (120 days, with key plan submission within 90 days) governed by specified duties, powers, moratorium, committee led evaluation and statutory routes for approval, termination, conversion to CIRP or liquidation. News - Tue, 27 Jul 2021 13:31:21 +0530 https://www.taxtmi.com/news?id=24272