Bank of Maharashtra aims to resolve 20-25 stressed MSME loans under pre-packaged resolution process
A senior bank official said that State-Bank of Maharashtra is trying to resolve 20-25 stressed micro, small and medium enterprise (MSME) accounts under the pre-packaged insolvency resolution process.Earlier this month, the government amended the insolvency law to begin a pre-packaged insolvency resolution process for stressed MSMEs. Under a pre-packaged process, key stakeholders such as creditors …