ADVERTISEMENT

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.

(Photographer: Prashanth Vishwanathan/Bloomberg)
(Photographer: Prashanth Vishwanathan/Bloomberg)
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.
To continue reading this story
Subscribe to Unlock & Enjoy your 
Subscriber-Only
 benefits

Choose a plan

Renews automatically. Cancel anytime.
Still Not convinced ? Know More