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ARTICLE · 23 MAY 2020

MSMED Act-An Alternative For Debt Recovery Over IBC

King, Stubb & Kasiva
King, Stubb & Kasiva
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King, Stubb & Kasiva

King, Stubb & Kasiva

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The Micro, Small and Medium Enterprises (MSME) sector has emerged vividly as a progressive segment in recent times.

IndiaInsolvency/Bankruptcy/Re-Structuring
Mirza Aslam Beg
Mirza Aslam Beg
Avani Sinha
Avani Sinha
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INTRODUCTION

The Micro, Small and Medium Enterprises (MSME) sector has emerged vividly as a progressive segment in recent times. This sector has become the backbone of the Indian economy and plays a key role in supporting the manufacturing sector. It contributes substantially as an ancillary unit in the comprehensive development of large industries and the socio-economic development of the country.

EFFECT OF OUTBREAK OF PANDEMIC ON MSMEs

The outbreak of the COVID 19 pandemic in the country, has largely affected the businesses of various small and large scale industries thereby impelling the government to amend various laws to forestall the collapse of the economy of the country.

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