MSME

Motivation, rapid hospitality, MSME, real location and construction are possible

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The government is organizing a package of incentives and direct, immediate assistance in areas such as hospitality and Medium, Small and Micro Enterprises (MSME), which are India’s largest workers and affected by COVID-19, said sources familiar with official talks. Negotiations on the package are still in its infancy but in this case, the government is …

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Punjab announced reforms in MSME sector to reduce regulatory burden

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The Punjab government said on Thursday that it has prepared a set of reforms to reduce the regulatory burden on MSMEs through logic and digitization, which aims to focus on increasing its operations amid the COVID-19 epidemic. Chief Minister Amarinder Singh said in an official statement here, the reforms aimed at improving flexibility and reducing …

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Bank of Maharashtra aims to resolve 20-25 stressed MSME loans under pre-packaged resolution process

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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 …

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The NCLT is expected to see a spate of bankruptcy cases

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The National Company Law Tribunal (NCLT) could see an increase in cases as the annual suspension of the Insolvency and Bankruptcy Code expires next Wednesday. The Department of Coalition will almost certainly increase one luxury next week as India will quickly restore normal business status and be ranked among the top five in the world …

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