Pre-Packaged Insolvency Resolution Process in India: An Analysis
This paper presents a review and analysis of the pre-packaged insolvency resolution process introduced in India. The entire process is examined to determine whether it meets the objective of speedy resolution and to determine lacunae, if any, in the process. The study shows that while the pre-packaged insolvency process will likely result in faster resolution of debt, more needs to be done to protect the interests of stakeholders in the process and to prevent the misuse of the provisions of the pre-packaged insolvency resolution process.
Keywords - Bankruptcy, Business, Insolvency, Law, Pre-pack.