Pre-Packs Subject: Economy Context: The Insolvency and Bankruptcy Code (Amendment) Bill, 2021, passed by Lok Sabha on Wednesday has proposed ‘pre-packs’ as an insolvency resolution mechanism for Micro, Small and Medium Enterprises (MSMEs) Concept: What are ‘pre-packs’? A pre-pack is an agreement for the resolution of the debt of a distressed company through […]