Pre-pack insolvency a success for five companies
Mumbai: The Pre-packaged Insolvency Resolution Process (PPIRP) has resulted in the full settlement of operational creditors’ claims in five cases. They are – Amrit India, Sudal Industries, Shri Rajasthan Syntex, Enn Tee International and GCCL Infrastructure and Projects. The government enacted the Insolvency and Bankruptcy Code (IBC) in August 2021 and introduced the PPIRP for … Read more
