billmartmsmegainApr 25, 2022MSMEs dues may get priority in bankruptcy resolution casesNEW DELHI : Millions of India’s small businesses may be ranked above unsecured financial creditors in the bankruptcy resolution process if a policy proposal by the Union ministry for micro, small and medium enterprises (MSMEs) is approved. According to two officials aware of the matter, the new MSME policy draft proposes priority payment of dues over all other unsecured payments after settling dues of employees when a company enters insolvency.Read more at Mint
NEW DELHI : Millions of India’s small businesses may be ranked above unsecured financial creditors in the bankruptcy resolution process if a policy proposal by the Union ministry for micro, small and medium enterprises (MSMEs) is approved. According to two officials aware of the matter, the new MSME policy draft proposes priority payment of dues over all other unsecured payments after settling dues of employees when a company enters insolvency.Read more at Mint
