India Proposes Pre-Packaged Insolvency Resolution Option

The last date for the online submission of suggestions on pre-packaged insolvency resolution process is Jan. 22.

Published On

08 Jan 2021, 10:26 PM IST

Last Updated On

09 Jan 2021, 10:14 AM IST

Packaged Lego Duplo toy bricks fall from a conveyor belt on the assembly line at the Lego A/S plant, in Nyiregyhaza, Hungary. Photographer: Akos Stiller/Bloomberg

India has proposed a pre-packaged insolvency option that will allow creditors and debtors to work on an informal plan and then submit it for approval even as the nation braces for a spike in bankruptcies once the freeze on filings is lifted.

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India Proposes Pre-Packaged Insolvency Resolution Option

The last date for the online submission of suggestions on pre-packaged insolvency resolution process is Jan. 22.

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