Challenges in Implementation of Pre-packaged Insolvency Resolution Process - Way Forward

The Micro, Small and Medium enterprises (MSME) are critical for India's economy as they contribute significantly to its gross domestic product and provide employment to a sizable population. The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 was introduced to provide for facilitating the promotion and development and enhancing the competitiveness of MSMEs and for matters connected therewith or incidental thereto. Read more about challenges in implementation of pre-packaged Insolvency Resolution Process in this research paper.