Govt relaxes insolvency rules for MSMEs

New rules aim to simplify insolvency for MSMEs. Only one valuer will be appointed per asset class, cutting costs. Strict new regulations prevent conflicts of interest in pre-packaged resolutions. Related parties, recent auditors, and associates of resolution professionals are now barred from appointment. These changes are effective from 2026.

Raccontata daeconomictimes.indiatimes.com