What is PPIRP ? | IBC Series-Part 11 | SatyaArth Legal

What if a business is still viable — but its debt is suffocating it?In this episode of the SatyaArth Legal IBC Series, we explore PPIRP under Chapter III-A of the Insolvency and Bankruptcy Code, 2016, using the story of Meera Engineering.We look at:Eligibility & commencement — Sec 54ADebtor-in-possession & RP — Secs 54H–54JBase Resolution Plan & CoC — Sec 54K51% commencement threshold vs 66% plan approvalThe 120-day framework#IBC #PPIRP #Insolvency #InsolvencyCode #MSME #SatyaArthLegalRead the provisions from here, the bare act itself: https://ibbi.gov.in/uploads/legalfram...
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