general knowledge refresher

general knowledge refresher

general knowledge refresher article was published in behavioural change debtors are resolving distress in the earlier stages to avoid gradual decline in distressed assets value and consequences of the resolution process.  ease of doing business now discontinued by the world bank ibc along with other reforms helped in improvement of indias rank in it (63 in 2019 from 100 in 2017).  constant changes to strengthen code since its introduction ibc has undergone significant changes to improve its performance such as o reduction in voting threshold of committee of creditor (coc) from 75% to 66%. o introduction of prepackaged insolvency resolution process (ppirp) for corporate msmes. prepackaged insolvency resolution process (ppirp)  it is a process whereby a resolution arrangement is agreed upon between the distressed cds and lender before approaching the nclt for bankruptcy proceedings general knowledge refresher magazine subscription.  

general knowledge refresher