15/09/2023 Financial & Legal Services
The Indian government has introduced a game-changing solution for small companies facing financial issues, known as the Fast-Track Corporate Insolvency Resolution Process. To qualify, the companies must owe up to Rs. 1 crore, follow the Companies Act 2013, and meet micro-company criteria. The key benefits include a swift 90-day resolution period, reduced court involvement, and assistance from licensed insolvency professionals (IPs) like Ancoraa Resolution.
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