<?xml version="1.0" encoding="UTF-8"?><feed><author name="Sreenivas Bidari and Ranjit Kejriwal"><item><title>Understanding pre-packaged insolvency resolution process</title><link>https://latest.thedailyguardian.com/india/understanding-pre-packaged-insolvency-resolution-process/</link><pubDate>May 28, 2021, 7:19 am</pubDate><image>https://latest.thedailyguardian.com/wp-content/uploads/2021/05/Understanding-pre-packaged-insolvency-resolution-process-1.jpg</image><category>India</category><excerpt>One of the stated objectives of the Insolvency and Bankruptcy Code (IBC) is to revive sick companies. However, it was gradually seen to be more harmful than beneficial to MSMEs. MSME sector in India is unique; it distinguishes itself from any othe...</excerpt></item><item><title>THE ESSAR STEEL RESOLUTION: AN IBC SUCCESS STORY</title><link>https://latest.thedailyguardian.com/india/the-essar-steel-resolution-an-ibc-success-story/</link><pubDate>April 21, 2021, 6:53 am</pubDate><image>https://latest.thedailyguardian.com/wp-content/uploads/2021/04/9946e6fe_2389_P_1_mr-1-1.jpg</image><category>India</category><excerpt>One of the largest recoveries which happened after the Insolvency and Bankruptcy Code, 2016 was put into effect was the Essar Steel Ltd resolution. It brought benefits for the operational creditors, the banks and the company’s employees, which wou...</excerpt></item><item><title>MERITS OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016</title><link>https://latest.thedailyguardian.com/india/merits-of-the-insolvency-and-bankruptcy-code-2016/</link><pubDate>April 7, 2021, 8:09 am</pubDate><image>https://latest.thedailyguardian.com/wp-content/uploads/2021/04/183ada04_2234_P_4_mr-1.jpg</image><category>India</category><excerpt>The IBC, despite its shortcomings, is an impressive substitute to the earlier insolvency resolution process in India. The new Code has not only streamlined the process, but also provided a time-bound one-stop solution to the parties involved.</excerpt></item></author></feed>