What is prepackaged insolvency resolution & how does process work?

Source: Business Standard Synopsis: This article analyses the prepackaged insolvency resolution. Read about – Pre-pack insolvency mechanism What is the prepackaged insolvency resolution? Prepackaged resolution is a fast-track process that identifies a resolution plan before the pro­cess is admitted by the Nat­ional Company Law Tribunal. It is an arrangement where the promoter of the stressed… Continue reading What is prepackaged insolvency resolution & how does process work?