One of the issues that has not yet caught the attention of the government or the IBBI is the treatment of MSMEs under the resolution plan.The Insolvency and Bankruptcy Code (IBC) is in its second year of operation; it has, at best, been a roller-coaster ride where the application of the said law has opened loads of issues that have been noted and acted upon by the Insolvency and Bankruptcy Board of India (IBBI) and/or the government.
One of the issues that has not yet caught the attention of the government or the IBBI is the treatment of MSMEs under the resolution plan. As the law currently stands, there is no difference that has been accorded to MSMEs and other operational creditors, and as such, these operational credit…
Read the full article at: https://www.financialexpress.com/opinion/are-msmes-hampered-by-insolvency-and-bankruptcy-code/1303960/