{"id":4200,"date":"2018-06-09T15:49:22","date_gmt":"2018-06-09T10:19:22","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=4200"},"modified":"2022-11-04T09:55:57","modified_gmt":"2022-11-04T04:25:57","slug":"corporate-and-professional-updates-9th-june-2018","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/","title":{"rendered":"Overview of Pre-Pack Insolvency Resolution Process"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6ac88d219a773\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6ac88d219a773\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#Why_Pre-pack_Insolvency_Resolution_Process_is_excellent_for_MSME_borrowers\" >Why Pre-pack Insolvency Resolution Process is excellent for MSME borrowers.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#Why_did_the_central_government_introduce_the_insolvency_pre-pack_resolution\" >Why did the central government introduce the insolvency pre-pack resolution?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#What_are_the_provisions_of_the_creditors_protection_ordinance\" >What are the provisions of the creditor\u2019s protection ordinance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#Why_do_most_MSMEs_not_qualify_for_the_process_of_pre-pack_insolvency_resolution\" >Why do most MSMEs not qualify for the process of pre-pack insolvency resolution?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#Advantages_of_Pre-pack_Insolvency_Resolution_Process_Over_CIRP\" >Advantages of Pre-pack Insolvency Resolution Process Over CIRP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#Pre-pack_Insolvency_Resolution_Process_Come_to_an_end_in_4_ways\" >Pre-pack Insolvency Resolution Process Come to an end in 4 ways<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Pre-Pack-Insolvency-Resolution-Process1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-11835\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Pre-Pack-Insolvency-Resolution-Process1-1024x536.jpg\" alt=\"\" width=\"869\" height=\"455\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Pre-Pack-Insolvency-Resolution-Process1-1024x536.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Pre-Pack-Insolvency-Resolution-Process1-300x157.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Pre-Pack-Insolvency-Resolution-Process1-768x402.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Pre-Pack-Insolvency-Resolution-Process1.jpg 1200w\" sizes=\"auto, (max-width: 869px) 100vw, 869px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Pre-pack_Insolvency_Resolution_Process_is_excellent_for_MSME_borrowers\"><\/span><span style=\"color: #ff9900;\"><strong>Why Pre-pack Insolvency Resolution Process is excellent for MSME borrowers.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This Pre-packaged insolvency process, informal, hybrid, and debtor-driven pre-insolvency process, will be applied in jurisdictions such as the US \u00a0&amp; UK, and Singapore, under the Insolvency and Bankruptcy Code.<\/p>\n<p>Earlier, The Govt suspended the CIRP for 1 Year earlier following the COVID-19 pandemic by increasing the minimum default threshold of the INR 1 lakh to INR 1 crore in the insolvency proceedings.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23629\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0002-scaled.jpg\" alt=\"Pre_Packaged_Insolvency_Resolution_Process\" width=\"1684\" height=\"2560\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0002-scaled.jpg 1684w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0002-197x300.jpg 197w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0002-674x1024.jpg 674w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0002-768x1167.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0002-1011x1536.jpg 1011w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0002-1347x2048.jpg 1347w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0002-800x1216.jpg 800w\" sizes=\"auto, (max-width: 1684px) 100vw, 1684px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_central_government_introduce_the_insolvency_pre-pack_resolution\"><\/span><span style=\"color: #ff9900;\"><strong>Why did the central government introduce the insolvency pre-pack resolution?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The main objective of the pre-pack is to give <a href=\"https:\/\/carajput.com\/blog\/msme-registration-role-of-ca-community\/\">MSMEs<\/a> the opportunity to restructure and begin new. It provides sufficient protection while protecting stakeholders&#8217; rights, to prevent possible misuse by companies in order to avoid payment to creditors.<\/li>\n<li>It will also help corporate debtors to consent with lenders and address the organization&#8217;s entire risk side.<\/li>\n<li>In the pandemic-Hit to MSMEs companies, the Govt has introduced an ordinance i.e Pre-pack Insolvency Resolution Process i.e insolvency solution framework within 120 days.<\/li>\n<li>A copy of the ordinance has been examined by Rajput Jain &amp; Associates Chartered Accountants.<\/li>\n<li>the MCA said &#8220;It provides an effective alternative insolvency solution framework for businesses classified as MSMEs to resolve distress quickly, efficiently, and cost-effectively, thereby giving a positive signal to the debt market, preserving jobs, making it easier to conduct business and maintaining corporate <a href=\"https:\/\/carajput.com\/blog\/\">capital,<\/a>&#8220;<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_provisions_of_the_creditors_protection_ordinance\"><\/span><span style=\"color: #ff9900;\"><strong>What are the provisions of the creditor\u2019s protection ordinance?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The central government pre-pack mechanism allows a swiss challenge to a resolution plan which states that duties for creditors are less than fully recovered.<\/li>\n<li>Furthermore, if creditors do not comply with the promoter&#8217;s resolution plans, they can request a third-party resolution plan.<\/li>\n<li>Under that Pre-pack Insolvency Resolution Process mechanism, a third party could submit a resolution plan for a company in distress and the original applicant could either go ahead or forgo the investment.<\/li>\n<li>Below are some of the basic characteristics of the new Pre-pack <a href=\"https:\/\/www.caindelhiindia.com\/blog\/category\/ibc\/\">Insolvency Resolution Process<\/a> framework specified in the Ordinance \u2013<\/li>\n<\/ul>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li>Pre-packaged insolvency resolution process to be completed within 120 days<\/li>\n<li>Approval is required by not less than 66 % of the Unrelated financial creditors<\/li>\n<li>Govt may specify default thresholds (not more than INR 1 Cr ) for pre-pack eligibility (Insolvency and Bankruptcy Code has a threshold of INR 1 Cr and above )<\/li>\n<li>Management of firm to continue to vest in the board of directors, subject to conditions.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23630\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0003-scaled.jpg\" alt=\"Pre_Packaged_Insolvency_Resolution_Process 1\" width=\"1704\" height=\"2560\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0003-scaled.jpg 1704w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0003-200x300.jpg 200w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0003-681x1024.jpg 681w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0003-768x1154.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0003-1022x1536.jpg 1022w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0003-1363x2048.jpg 1363w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0003-800x1202.jpg 800w\" sizes=\"auto, (max-width: 1704px) 100vw, 1704px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_most_MSMEs_not_qualify_for_the_process_of_pre-pack_insolvency_resolution\"><\/span><span style=\"color: #ff9900;\"><strong>Why do most MSMEs not qualify for the process of pre-pack insolvency resolution?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Most MSMEs are not eligible for the Pre-pack Insolvency Resolution Process established <a href=\"https:\/\/carajput.com\/blog\/category\/ibc\/\">under the IBC<\/a> by the Central Govt.<\/li>\n<li>In order to be able to prepack as stated in Chapter III-A of the Ordinance, the company debtor is required to be registered with a micro, small or medium enterprise pursuant to Section 7(1) of the Micro, Small, and Medium Enterprises Development Act of 2006.<\/li>\n<li>Udyam Registry MSME&#8217;s registration portal states that only 26,42 MSMEs are actually registered.<\/li>\n<li>Taking into account these figures, unregistered MSMEs are above those of registered MSMEs and could not benefit from the process of the Pre-pack Insolvency Resolution Process.<\/li>\n<li>Another limitation of the Pre-pack Insolvency Resolution Process is that only the companies and limited liability partnerships(<a href=\"https:\/\/www.caindelhiindia.com\/blog\/llp-amendment-bill-2021\/\">LLP<\/a>) are very few\/ limited.<\/li>\n<li>MSMEs are not covered by the aforementioned procedure for single ownership, partnership or Hindu Undivided Family (HUF), which further restricts eligible MSMEs to Pre-pack Insolvency Resolution Process.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23631\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0004-scaled.jpg\" alt=\"Pre_Packaged_Insolvency_Resolution_Process 2\" width=\"1705\" height=\"2560\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0004-scaled.jpg 1705w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0004-200x300.jpg 200w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0004-682x1024.jpg 682w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0004-768x1153.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0004-1023x1536.jpg 1023w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0004-1364x2048.jpg 1364w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/0004-800x1201.jpg 800w\" sizes=\"auto, (max-width: 1705px) 100vw, 1705px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Advantages_of_Pre-pack_Insolvency_Resolution_Process_Over_CIRP\"><\/span><span style=\"color: #000080;\"><strong>Advantages of Pre-pack Insolvency Resolution Process Over CIRP<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>In recent years, due to its threshold period of 270 days, the Corporate Insolvency Process (CIRP) has been criticized.<\/li>\n<li>The pre-package is limited to 120 days compared with the CIRP, and the parties to bring the resolution plan to the NCLT will be given 90 days.<\/li>\n<li>A resolution professional in CIRP is in control of the debtor as the financial creditor representative while the current management retains control during pre-packaging activities.<\/li>\n<li>Experts believe that minimal business and employment disturbance will take place with the introduction of pre-packs.<\/li>\n<li>At the end of 2020, In the 1717 CIRP proceedings, more than 86% crossed the 270-day threshold.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Pre-pack_Insolvency_Resolution_Process_Come_to_an_end_in_4_ways\"><\/span><span style=\"color: #ff9900;\"><strong><em>Pre-pack Insolvency Resolution Process<\/em><\/strong><strong> Come to an end in 4 ways<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Once the application for initiation of <em>Pre-pack Insolvency Resolution Process<\/em> in respect of a CD is admitted by the Adjudicating Authority, it can only come to an end in 4 ways: \u2013<\/p>\n<p>1: the resolution plan approved by the CoC is submitted to the Adjudicating Authority and receives its approval.<\/p>\n<p>2: the Adjudicating Authority passes an order of termination in the below Situation \u2013<\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Picture1-Vulnerable-Timeline-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-11825\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Picture1-Vulnerable-Timeline-1.png\" alt=\"\" width=\"486\" height=\"499\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Picture1-Vulnerable-Timeline-1.png 486w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Picture1-Vulnerable-Timeline-1-292x300.png 292w\" sizes=\"auto, (max-width: 486px) 100vw, 486px\" \/><\/a><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>the CoC passes a resolution seeking termination;<\/li>\n<li>a resolution plan is not submitted to the Adjudicating Authority within 90 days;<\/li>\n<li>the resolution plan successful in the competition between the base resolution plan and the selected resolution plan is not approved by the CoC; and<\/li>\n<li>a resolution plan approved by the CoC is rejected by the Adjudicating Authority.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><em>3: <\/em>The Adjudicating Authority passes an order to initiate CIRP, based on a resolution passed by the CoC seeking the same.<\/p>\n<p>4: The Adjudicating Authority passes an order of liquidation if subsequent to an order vesting the management of the CD with the Resolution Professional, the CoC approves a resolution plan that does not envisage a change in control or management to a third-party or the pre-pack process is required to be terminated.<\/p>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" title=\"Fast Track Insolvency: Fast-Track Insolvency Resolution Procedure | What is Fast Track process?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/tYxE5-DweSM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Popular blog:-<\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/learn\/fresh-ibc-has-been-suspended-for-one-year-as-per-the-declaration-of-fm.html\">Suspension of Fresh IBC for 1 Year declared By FM<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/ibc-ordinance-2020-after-the-impact-covid-19-covid-period-defaults-cannot-be-triggered-by-cirp\/\">IBC ordinance 2020 after the impact covid-19 covid period defaults cannot be triggered by cirp<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/publications\/case-laws-and-faqs-related-to-personal-guarantee-for-initiation-of.pdf\">Case laws &amp; FAQs related to Personal Guarantee for initiation of Insolvency proceeding under IBC<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Why Pre-pack Insolvency Resolution Process is excellent for MSME borrowers. This Pre-packaged insolvency process, informal, hybrid, and debtor-driven pre-insolvency process, will be applied in jurisdictions such as the US \u00a0&amp; UK, and Singapore, under the Insolvency and Bankruptcy Code. Earlier, The Govt suspended the CIRP for 1 Year earlier following the COVID-19 pandemic by increasing &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8789,8788],"tags":[10087,9866,1683],"class_list":["post-4200","post","type-post","status-publish","format-standard","hentry","category-ibc","category-insolvency","tag-pre-pack-insolvency-resolution-process-framework","tag-summarized-pre-pack-insolvency-resolution-process","tag-the-insolvency-and-bankruptcy-code-amendment-ordinance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.2 - aioseo.com -->\n\t<meta name=\"description\" content=\"Pre-Pack Insolvency Resolution Process, Advantage of Pre-pack Insolvency Resolution Process, Summarized Pre-pack Insolvency Resolution, Pre-pack insolvency cost\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Rajput Jain &amp; Associates\"\/>\n\t<meta name=\"keywords\" content=\"pre-pack insolvency resolution process framework,summarized pre-pack insolvency resolution process,the insolvency and bankruptcy code (amendment) ordinance,ibc,insolvency\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.2\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Rajput Jain &amp; Associates | Updates on GST, Taxation and Company Laws\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Overview of Pre-Pack Insolvency Resolution Process | RJA\" \/>\n\t\t<meta property=\"og:description\" content=\"Pre-Pack Insolvency Resolution Process, Advantage of Pre-pack Insolvency Resolution Process, Summarized Pre-pack Insolvency Resolution, Pre-pack insolvency cost\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/carajput-logo.png\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/carajput-logo.png\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2018-06-09T10:19:22+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2022-11-04T04:25:57+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Overview of Pre-Pack Insolvency Resolution Process | RJA\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Pre-Pack Insolvency Resolution Process, Advantage of Pre-pack Insolvency Resolution Process, Summarized Pre-pack Insolvency Resolution, Pre-pack insolvency cost\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/carajput-logo.png\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/corporate-and-professional-updates-9th-june-2018\\\/#article\",\"name\":\"Overview of Pre-Pack Insolvency Resolution Process | RJA\",\"headline\":\"Overview of Pre-Pack Insolvency Resolution Process\",\"author\":{\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/author\\\/carajputa\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/carajput.com\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/Pre-Pack-Insolvency-Resolution-Process1.jpg\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/corporate-and-professional-updates-9th-june-2018\\\/#articleImage\",\"width\":1200,\"height\":628},\"datePublished\":\"2018-06-09T15:49:22+05:30\",\"dateModified\":\"2022-11-04T09:55:57+05:30\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/corporate-and-professional-updates-9th-june-2018\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/corporate-and-professional-updates-9th-june-2018\\\/#webpage\"},\"articleSection\":\"IBC, Insolvency, Pre-pack Insolvency Resolution Process Framework, Summarized Pre-pack Insolvency Resolution Process, the Insolvency and Bankruptcy Code (Amendment) Ordinance\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/corporate-and-professional-updates-9th-june-2018\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/carajput.com\\\/blog\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/category\\\/insolvency\\\/#listItem\",\"name\":\"Insolvency\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/category\\\/insolvency\\\/#listItem\",\"position\":2,\"name\":\"Insolvency\",\"item\":\"https:\\\/\\\/carajput.com\\\/blog\\\/category\\\/insolvency\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/corporate-and-professional-updates-9th-june-2018\\\/#listItem\",\"name\":\"Overview of Pre-Pack Insolvency Resolution Process\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/corporate-and-professional-updates-9th-june-2018\\\/#listItem\",\"position\":3,\"name\":\"Overview of Pre-Pack Insolvency Resolution Process\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/category\\\/insolvency\\\/#listItem\",\"name\":\"Insolvency\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/#organization\",\"name\":\"Rajput Jain and Associates\",\"description\":\"Updates on GST, Taxation and Company Laws\",\"url\":\"https:\\\/\\\/carajput.com\\\/blog\\\/\",\"telephone\":\"+919555555480\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/carajput.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/carajput-logo.png\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/corporate-and-professional-updates-9th-june-2018\\\/#organizationLogo\",\"width\":370,\"height\":70},\"image\":{\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/corporate-and-professional-updates-9th-june-2018\\\/#organizationLogo\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/author\\\/carajputa\\\/#author\",\"url\":\"https:\\\/\\\/carajput.com\\\/blog\\\/author\\\/carajputa\\\/\",\"name\":\"Rajput Jain &amp; Associates\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/corporate-and-professional-updates-9th-june-2018\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/07fd68a5f3c96ec8a6607f448f2384b3247803a7c20f5da46c6657ee27490ea2?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Rajput Jain &amp; Associates\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/corporate-and-professional-updates-9th-june-2018\\\/#webpage\",\"url\":\"https:\\\/\\\/carajput.com\\\/blog\\\/corporate-and-professional-updates-9th-june-2018\\\/\",\"name\":\"Overview of Pre-Pack Insolvency Resolution Process | RJA\",\"description\":\"Pre-Pack Insolvency Resolution Process, Advantage of Pre-pack Insolvency Resolution Process, Summarized Pre-pack Insolvency Resolution, Pre-pack insolvency cost\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/corporate-and-professional-updates-9th-june-2018\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/author\\\/carajputa\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/author\\\/carajputa\\\/#author\"},\"datePublished\":\"2018-06-09T15:49:22+05:30\",\"dateModified\":\"2022-11-04T09:55:57+05:30\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/carajput.com\\\/blog\\\/\",\"name\":\"Rajput Jain & Associates - Chartered Accountants in Delhi\",\"description\":\"Updates on GST, Taxation and Company Laws\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/carajput.com\\\/blog\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"Overview of Pre-Pack Insolvency Resolution Process | RJA","description":"Pre-Pack Insolvency Resolution Process, Advantage of Pre-pack Insolvency Resolution Process, Summarized Pre-pack Insolvency Resolution, Pre-pack insolvency cost","canonical_url":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/","robots":"max-image-preview:large","keywords":"pre-pack insolvency resolution process framework,summarized pre-pack insolvency resolution process,the insolvency and bankruptcy code (amendment) ordinance,ibc,insolvency","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#article","name":"Overview of Pre-Pack Insolvency Resolution Process | RJA","headline":"Overview of Pre-Pack Insolvency Resolution Process","author":{"@id":"https:\/\/carajput.com\/blog\/author\/carajputa\/#author"},"publisher":{"@id":"https:\/\/carajput.com\/blog\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Pre-Pack-Insolvency-Resolution-Process1.jpg","@id":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#articleImage","width":1200,"height":628},"datePublished":"2018-06-09T15:49:22+05:30","dateModified":"2022-11-04T09:55:57+05:30","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#webpage"},"isPartOf":{"@id":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#webpage"},"articleSection":"IBC, Insolvency, Pre-pack Insolvency Resolution Process Framework, Summarized Pre-pack Insolvency Resolution Process, the Insolvency and Bankruptcy Code (Amendment) Ordinance"},{"@type":"BreadcrumbList","@id":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/carajput.com\/blog\/#listItem","position":1,"name":"Home","item":"https:\/\/carajput.com\/blog\/","nextItem":{"@type":"ListItem","@id":"https:\/\/carajput.com\/blog\/category\/insolvency\/#listItem","name":"Insolvency"}},{"@type":"ListItem","@id":"https:\/\/carajput.com\/blog\/category\/insolvency\/#listItem","position":2,"name":"Insolvency","item":"https:\/\/carajput.com\/blog\/category\/insolvency\/","nextItem":{"@type":"ListItem","@id":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#listItem","name":"Overview of Pre-Pack Insolvency Resolution Process"},"previousItem":{"@type":"ListItem","@id":"https:\/\/carajput.com\/blog\/#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#listItem","position":3,"name":"Overview of Pre-Pack Insolvency Resolution Process","previousItem":{"@type":"ListItem","@id":"https:\/\/carajput.com\/blog\/category\/insolvency\/#listItem","name":"Insolvency"}}]},{"@type":"Organization","@id":"https:\/\/carajput.com\/blog\/#organization","name":"Rajput Jain and Associates","description":"Updates on GST, Taxation and Company Laws","url":"https:\/\/carajput.com\/blog\/","telephone":"+919555555480","logo":{"@type":"ImageObject","url":"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/carajput-logo.png","@id":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#organizationLogo","width":370,"height":70},"image":{"@id":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#organizationLogo"}},{"@type":"Person","@id":"https:\/\/carajput.com\/blog\/author\/carajputa\/#author","url":"https:\/\/carajput.com\/blog\/author\/carajputa\/","name":"Rajput Jain &amp; Associates","image":{"@type":"ImageObject","@id":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/07fd68a5f3c96ec8a6607f448f2384b3247803a7c20f5da46c6657ee27490ea2?s=96&d=mm&r=g","width":96,"height":96,"caption":"Rajput Jain &amp; Associates"}},{"@type":"WebPage","@id":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#webpage","url":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/","name":"Overview of Pre-Pack Insolvency Resolution Process | RJA","description":"Pre-Pack Insolvency Resolution Process, Advantage of Pre-pack Insolvency Resolution Process, Summarized Pre-pack Insolvency Resolution, Pre-pack insolvency cost","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/carajput.com\/blog\/#website"},"breadcrumb":{"@id":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/#breadcrumblist"},"author":{"@id":"https:\/\/carajput.com\/blog\/author\/carajputa\/#author"},"creator":{"@id":"https:\/\/carajput.com\/blog\/author\/carajputa\/#author"},"datePublished":"2018-06-09T15:49:22+05:30","dateModified":"2022-11-04T09:55:57+05:30"},{"@type":"WebSite","@id":"https:\/\/carajput.com\/blog\/#website","url":"https:\/\/carajput.com\/blog\/","name":"Rajput Jain & Associates - Chartered Accountants in Delhi","description":"Updates on GST, Taxation and Company Laws","inLanguage":"en-US","publisher":{"@id":"https:\/\/carajput.com\/blog\/#organization"}}]},"og:locale":"en_US","og:site_name":"Rajput Jain &amp; Associates | Updates on GST, Taxation and Company Laws","og:type":"article","og:title":"Overview of Pre-Pack Insolvency Resolution Process | RJA","og:description":"Pre-Pack Insolvency Resolution Process, Advantage of Pre-pack Insolvency Resolution Process, Summarized Pre-pack Insolvency Resolution, Pre-pack insolvency cost","og:url":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/","og:image":"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/carajput-logo.png","og:image:secure_url":"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/carajput-logo.png","article:published_time":"2018-06-09T10:19:22+00:00","article:modified_time":"2022-11-04T04:25:57+00:00","twitter:card":"summary","twitter:title":"Overview of Pre-Pack Insolvency Resolution Process | RJA","twitter:description":"Pre-Pack Insolvency Resolution Process, Advantage of Pre-pack Insolvency Resolution Process, Summarized Pre-pack Insolvency Resolution, Pre-pack insolvency cost","twitter:image":"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/05\/carajput-logo.png"},"aioseo_meta_data":{"post_id":"4200","title":"#post_title&nbsp; | RJA","description":"Pre-Pack Insolvency Resolution Process, Advantage of Pre-pack Insolvency Resolution Process, Summarized Pre-pack Insolvency Resolution, Pre-pack insolvency cost","keywords":[],"keyphrases":{"focus":[],"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":[],"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":{"id":"#aioseo-article-64b91b9b64bf5","slug":"article","graphName":"Article","label":"Article","properties":{"type":"BlogPosting","name":"#post_title","headline":"#post_title","description":"#post_excerpt","image":"","keywords":"","author":{"name":"#author_name","url":"#author_url"},"dates":{"include":true,"datePublished":"","dateModified":""}}},"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"Article","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":"{\"article\":{\"articleType\":\"BlogPosting\"},\"course\":{\"name\":\"\",\"description\":\"\",\"provider\":\"\"},\"faq\":{\"pages\":[]},\"product\":{\"reviews\":[]},\"recipe\":{\"ingredients\":[],\"instructions\":[],\"keywords\":[]},\"software\":{\"reviews\":[],\"operatingSystems\":[]},\"webPage\":{\"webPageType\":\"WebPage\"}}","pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"limit_modified_date":false,"created":"2021-07-26 11:18:31","updated":"2023-07-20 11:33:47","focus_keyword":null,"additional_keywords":null,"truseo_locale":null,"ai":null,"breadcrumb_settings":null,"seo_analyzer_scan_date":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/carajput.com\/blog\/\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/carajput.com\/blog\/category\/insolvency\/\" title=\"Insolvency\">Insolvency<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tOverview of Pre-Pack Insolvency Resolution Process\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/carajput.com\/blog\/"},{"label":"Insolvency","link":"https:\/\/carajput.com\/blog\/category\/insolvency\/"},{"label":"Overview of Pre-Pack Insolvency Resolution Process","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-9th-june-2018\/"}],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/4200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=4200"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/4200\/revisions"}],"predecessor-version":[{"id":24692,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/4200\/revisions\/24692"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=4200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=4200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=4200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}