The Pre-packaged Insolvency Resolution Process (PPIRP) settled operational creditors’ claims in five cases. Introduced under the Insolvency and Bankruptcy Code (IBC) in August 2021, it involves debtor-creditor negotiation before formal insolvency. Newsletter of the Insolvency and Bankruptcy Board of India (IBBI) reported 25% realisation. The Pre-packaged Insolvency Resolution Process (PPIRP) settled operational creditors’ claims in five cases. Introduced under the Insolvency and Bankruptcy Code (IBC) in August 2021, it involves debtor-creditor negotiation before formal insolvency. Newsletter of the Insolvency and Bankruptcy Board of India (IBBI) reported 25% realisation. Economic Times
November 16, 2024
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