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рддрддреНрд╕рдо рдФрд░ рддрджреНрднрд╡ рд╢рдмреНрдж рдХреА рдкрд░рд┐рднрд╛рд╖рд╛,рдкрд╣рдЪрд╛рдирдиреЗ рдХреЗ рдирд┐рдпрдо рдФрд░ рдЙрджрд╣рд╛рд░рдг - Tatsam Tadbhav

рддрддреНрд╕рдо рд╢рдмреНрдж (Tatsam Shabd) : рддрддреНрд╕рдо рджреЛ рд╢рдмреНрджреЛрдВ рд╕реЗ рдорд┐рд▓рдХрд░ рдмрдирд╛ рд╣реИ тАУ рддрдд +рд╕рдо , рдЬрд┐рд╕рдХрд╛ рдЕрд░реНрде рд╣реЛрддрд╛ рд╣реИ рдЬреНрдпреЛрдВ рдХрд╛ рддреНрдпреЛрдВред рдЬрд┐рди рд╢рдмреНрджреЛрдВ рдХреЛ рд╕рдВрд╕реНрдХреГрдд рд╕реЗ рдмрд┐рдирд╛...

What are Pre-Packs Insolvency Resolution Process?

тЧП Pre-Pack is the resolution of the debt of a distressed company through an agreement between secured creditors and investors instead of a public bidding process.  

тЧП Under this system, financial creditors will agree to terms with a potential investor and seek approval of the resolution plan from the National Company Law Tribunal(NCLT). 

тЧП The approval of a minimum of 66% of financial creditors that are unrelated to the corporate debtor would be required before a resolution plan is submitted to the NCLT.   
 
Why in News? President of India has promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 to allow the use of pre-packs as an insolvency resolution mechanism for Micro, Small and Medium Enterprises (MSMEs) with defaults up to Rs 1 crore.

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