- Year of Publication: 2021
- ISBN: 0
Episode Duration:
55 minutes
Episode Background:
Under the Insolvency and Bankruptcy Code, micro, small, and medium businesses will now be able to choose a pre-packaged insolvency resolution. The step comes shortly after the government's one-year moratorium on insolvency filings was lifted in the wake of the Covid-19 pandemic. Instead of a formal competitive bidding process, a pre-pack is the settlement of a distressed company's debt by an arrangement between secured creditors and investors.
What shall the episode cover?
Against this backdrop, Taxsutra is delighted to present to you, a special episode on “IBC Pre-Packs for MSME's” in association with Acuity Law LLP, a law firm recognized for Essar Steel transaction by IFLR1000 India Awards 2020. Considering the insolvency space in India, the implementation of Pre-packs may be hurdled with legal challenges. In this session, Souvik Ganguly (Founder & Managing Partner), Renjith Nair (Principal Associate) & Akhil K Ramesh (Senior Associate) from Acuity Law LLP have provided a brief overview of the law and the key issues that may arise under the Insolvency and Bankruptcy Code, 2016 (“Code”). The key highlights of the presentation are as follows:
Key Highlights
- What are pre-packs
- Prepacks framework under the Code
- Pre-packs vis-à-vis the normal resolution process
- Issues and Thoughts
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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Ratings and Reviews
Overall Rating
- Year of Publication: 2021
- ISBN: 0
Episode Duration:
55 minutes
Episode Background:
Under the Insolvency and Bankruptcy Code, micro, small, and medium businesses will now be able to choose a pre-packaged insolvency resolution. The step comes shortly after the government's one-year moratorium on insolvency filings was lifted in the wake of the Covid-19 pandemic. Instead of a formal competitive bidding process, a pre-pack is the settlement of a distressed company's debt by an arrangement between secured creditors and investors.
What shall the episode cover?
Against this backdrop, Taxsutra is delighted to present to you, a special episode on “IBC Pre-Packs for MSME's” in association with Acuity Law LLP, a law firm recognized for Essar Steel transaction by IFLR1000 India Awards 2020. Considering the insolvency space in India, the implementation of Pre-packs may be hurdled with legal challenges. In this session, Souvik Ganguly (Founder & Managing Partner), Renjith Nair (Principal Associate) & Akhil K Ramesh (Senior Associate) from Acuity Law LLP have provided a brief overview of the law and the key issues that may arise under the Insolvency and Bankruptcy Code, 2016 (“Code”). The key highlights of the presentation are as follows:
Key Highlights
- What are pre-packs
- Prepacks framework under the Code
- Pre-packs vis-à-vis the normal resolution process
- Issues and Thoughts
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
