Workshop on Insolvency of Micro, Small and Medium enterprises (MSMEs)

Workshop on Insolvency of Micro, Small and Medium enterprises (MSMEs)

Workshop on Insolvency of Micro, Small and Medium enterprises (MSMEs)

The Insolvency and Bankruptcy Board of India (IBBI), in collaboration with the World Bank, organised a Workshop on Insolvency of MSMEs on March 11, 2025, at the India International Centre, New Delhi. The event focused on the unique challenges faced by MSMEs and discussed reforms like the Pre-packaged Insolvency Resolution Process (PPIRP), which aims to simplify and expedite the insolvency process for these enterprises. Mr. Ravi Mital, Chairperson, IBBI, underscored the importance of MSMEs in the Indian economy. Domain experts, including Ms. Antonia P. Menezes (World Bank), Mr. Steven Kargman (Kargman Associates), and Mr. Joseph Spooner (LSE Law School) shared global best practices and offered suggestions to enhance the effectiveness of PPIRP. The workshop served as a platform for dialogue among stakeholders from the Ministry of Finance and IBBI, and the international experts, focusing on legal frameworks and strategies to strengthen MSME insolvency resolution in India.