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IBC: What Would It Take For Pre-Packs To Work?
Experts list the required changes in the proposed pre-pack insolvency regime to ensure its success in the long run.
03 Feb 2021, 02:20 PM IST
After four years and five major amendments, the Insolvency and Bankruptcy Code is set for yet another change. With the proposed introduction of pre-pack insolvency, India joins the ranks of countries like the U.K., U.S., Singapore and France to have an informal, hybrid and debtor-driven pre-insolvency process that will operate under the Code.
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