Jun 30, 2020

Subcommittee for Pre-pack Insolvency Resolution Process Constituted

The Insolvency Law Committee has constituted a sub-committee for examining and giving its recommendations on pre-pack insolvency resolution process (including pre-requisites, appointment of insolvency officer equivalents, responsibilities of creditors, moratorium, timelines for completion of the process etc.).

The sub-committee will be chaired by Dr. M.S Sahoo, and its other members include Mr. Sunil Mehta, Mr. Akhil Gupta, Mr. U.K. Sinha, and certain nominees of the MCA and the RBI.

One of our founding partners, Mr. Bahram Vakil is also a part of this sub-committee.

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