Pre-pack scheme: Insolvency resolution time may be cut to just 3-4 months

The government is weighing a proposal to reduce by more than a half the time limit for the resolution of stressed assets under a so-called ‘pre-pack’ insolvency scheme. Any such move would not just expedite the resolution of bad debt but also cut costs.

from The Financial Express https://ift.tt/3m4MoST
https://ift.tt/eA8V8J Banikinkar Pattanayak