Virtual Interactive Session
Pre-Packaged Insolvency Norms For MSMEs

06 May, 2021

About Event


The Insolvency & Bankruptcy Code (Amendment) Ordinance, 2021 aims to provide an efficient alternative insolvency resolution framework for corporate persons classified as Micro, Small and Medium Enterprises (MSMEs) under the Code, for ensuring quicker, cost-effective and value maximising outcomes for all the stakeholders, in a manner which is least disruptive to the continuity of MSMEs businesses and which preserves jobs. The initiative is based on a trust model and the amendments honour the honest MSME owners by trying to ensure that the resolution happens and the company remains with them.
 
The Union Government has moved an ordinance to introduce pre-packaged insolvency resolution options for Micro, Small and Medium Enterprises, following global best practices. The ordinance introduces a new chapter in the Insolvency and Bankruptcy Code to offer the pre-pack scheme to those defined as medium and small enterprises or MSMEs under the MSME Development Act. The scheme also covers businesses incorporated as partnerships, in addition to companies. The scheme is available to entities that have neither undergone bankruptcy proceedings in the preceding three years nor are facing liquidation orders. Pre-packs are a form of restructuring that allow creditors and debtors to work on an informal plan and then submit it for approval. The incumbent management typically retains control until the final deal.
 
In this connection, on behalf of the ASSOCHAM, we would like to take this opportunity to cordially invite you as an Eminent Speaker at this timely and meaningful virtual interactive session and request your esteemed organization to extend nominal financial support for this timely and meaningful Virtual Interactive Session Pre-Packaged Insolvency Norms For MSMEs scheduled to be held on Thursday, 06th May 2020 (11:00 AM To 01:00 PM).
 
Please click on following link to register as delegate to attend the ASSOCHAM Virtual Interactive Session Pre-Packaged Insolvency Norms For MSMEs:-
 
·    Why PIRP would be preferred by lenders as against CIRP or other options.
·    PIRP- Lesser burden on NCLT.
·    Insolvency & Bankruptcy Code (Amendment) Ordinance, 2021.
 
After registering, you will receive a confirmation email containing information about joining the ASSOCHAM Virtual Interactive Session Pre-Packaged Insolvency Norms For MSMEs.
 
For more details on sponsorship, any technical issue in registration or joining webinar, please contact; Mr. Kushagra Joshi, 8447365357, kushagra.joshi@assocham.com and Mr. Vivek Tiwari, 9634235287, vivek.tiwari@assocham.com
  
Looking forward to receiving your kind and early confirmation at this important Virtual Interactive Session Pre-Packaged Insolvency Norms For MSMEs.