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KCCI urges fair treatment for MSMEs in NCLT resolutions
In a letter addressed to Union Finance Minister Nirmala Sitharaman on October 7, Chamber President Ananthesh V Prabhu expressed concerns about the bleak prospects for MSMEs in recovering their dues after engaging in business with LLCs that end up before tRead more
Success of pre-pack insolvency scheme depends on implementation by CoC: NCLT
If this scheme performs well, it may be expanded to other corporate debtors as well, discussed during the webinar.Read more
Government notifies Pre-packaged insolvency Amendment PPIRP for MSMEs
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 was promulgated on April 4, 2021 by the President Ram Nath Kovind.Read more
Auto component firm Minda Corp’s German subsidiary files for insolvency
Minda Corporation had acquired Minda KTSN Plastic Solutions, a maker of kinematic and non-kinematic plastic components for the automotive industry, in 2007 and has since infused more than Euro 35 million in MKTSNRead more
Easing norms for MSMEs in IBC to speedy up resolution: Rashesh Shah
According to FICCI President, while keeping errant promoters out of the bidding process for their companies is critical, it is also equally important to give a fair chance to the genuine promotersRead more
