← Latest news 
IBC amendment targets faster prepack resolutions for MSMEs with lower costs
Business
Published on 24 April 2026
A new track could cut time and expense for
An amendment to India’s Insolvency and Bankruptcy Code is being proposed to introduce “prepack” resolutions for MSMEs. The alternative framework aims to make insolvency outcomes quicker and more cost-effective than traditional processes, potentially reducing delays and legal expenses for small businesses facing financial stress.
- Proposed IBC change adds prepack resolutions for MSMEs
- Designed to speed up insolvency resolution timelines
- Expected to reduce overall costs for struggling small firms
- Could streamline outcomes compared with current routes
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times