The Insolvency and Bankruptcy Board of India (IBBI) organises webinar on “Prepackaged insolvency resolution process for MSMEs”

Last updated: 10 June 2021

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The Insolvency and Bankruptcy Board of India (IBBI), in partnership with the Indian Banks’ Association (IBA), recently hosted a webinar focused on the new prepackaged insolvency resolution process for Micro, Small, and Medium Enterprises (MSMEs). This event was designed for senior officers from IBA member banks to discuss the reasons behind, effects of, and how to implement the provisions introduced by "The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021". The webinar also provided a platform to address participant questions about this innovative resolution framework.

Insolvency and Bankruptcy of India No. IBBI/PR/2021/10 09th June, 2021 Press Release The Insolvency and Bankruptcy Board of India (IBBI) organises webinar on Prepackaged insolvency resolution process for MSMEs The Insolvency and Bankruptcy Board of India (IBBI), in association with the Indian Banks Association (IBA), organised a webinar on Prepackaged insolvency resolution process for MSMEs, today. The webinar was organized for senior officers of member banks of IBA, to discuss th

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FAQ :

The webinar was on the "Prepackaged insolvency resolution process for MSMEs".

The webinar was organised by the Insolvency and Bankruptcy Board of India (IBBI) in association with the Indian Banks’ Association (IBA).

The webinar was organised for senior officers of member banks of the IBA.

The purpose was to discuss the rationale, implications, and implementation of the provisions of "The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021", which introduced the prepackaged insolvency resolution framework for corporate MSMEs.

The new framework applies to corporate MSMEs (Micro, Small, and Medium Enterprises).

Yes, queries raised by the participants regarding this new resolution process were addressed during the webinar.

Notification No : IBBI/PR/2021/10
Source : https://www.ibbi.gov.in/uploads/whatsnew/11efda955434d8a3aa04c800c2abd69e.pdf

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