Volume : 7, Issue : 5, MAY 2021

NEW ADDITION TO IBC: PRE – PACKAGED INSOLVENCY RESOLUTION

POOJA AGRAWA

Abstract

Keywords

Article : Download PDF

Cite This Article

Article No : 4

Number of Downloads : 394

References

  1. Report of the Sub-Committee of the Insolvency Law Committee on “Pre-packaged Insolvency Resolution Process”, October 2020.
  2. Ministry of Statistics & Programme Implementation, Press Release, August 13, 2020.
  3. Supra FN 2.
  4. RBI, Financial Stability Report, July, 2020
  5. RBI Press Release, dated August 06, 2020
  6. “Covid -19 Outbreak : Implication On Corporate And Individual Insolvency”, World Bank, April 13, 2020.
  7. “The Insolvency and bankruptcy Code (Amendment) Ordinance, 2020”, PRS Legislative Research, https://prsindia.org/billtrack/the-insolvency-and-bankruptcy-code-amendment-ordinance-2020
  8. Ibid.
  9. Supra FN 8
  10. Pallav Pandit, Lalitendra Gulani, Shreya Bhojnagarwala, “Increased IBC default Threshold – Prospective or Retrospective?,” article dated December 14, 2020 http://www.lawstreetindia.com/experts/column?sid=509#:~:text=The%20amendment%20of%20the%20minimum,of%20India%20vide%20Notification%20F.
  11. United Nations :UNCITRAL Legislative Guide on Insolvency Law, 2005.
  12. Bo Xie, “Comparative Insolvency Law: The Pre-pack Approach in Corporate Rescue”, Edward Elgar Publishing, 2016.
  13. Report of the Sub-Committee of the Insolvency Law Committee on Pre-packaged Insolvency Resolution Process, October 2020.
  14. Varsha Banerjee, Mukund Rawat, “Pre – Pack Insolvency Resolution Process for the MSME”, https://www.mondaq.com/india/insolvencybankruptcy/1058402/pre-pack-insolvency-resolution-process-for-the-msmes#:~:text=Recently%2C%20soon%20after%20the%20end,MSME)%20with%20defaults%20upto%20Rs.
  15. Ibid
  16. Ordinance dated April 4, 2021. https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1710161#:~:text=The%20President%20promulgated%20the%20Insolvency,on%204th%20April%202021.&text=The%20initiative%20is%20based%20on,the%20company%20remains%20with%20them.
  17. RP Vats, Sripal Sinha, “Pre-Packaged Insolvency Resolution Process Under the Insolvency and Bankruptcy Code”, https://www.mondaq.com/india/insolvencybankruptcy/1067642/pre-packaged-insolvency-resolution-process-under-the-insolvency-and-bankruptcy-code?type=mondaqai&score=80
  18. Ibid