Business StandardCenter·
MSMED amendment bill could be an 'IBC moment' for small enterprises: Report
The new legislation on MSME is expected to help improve payment discipline among buyers of goods and services sold by small businesses, and could bring in an 'IBC moment' for enterprises facing delayed payments, a report said on Monday. It could become an 'IBC (Insolvency and Bankruptcy Code) moment' for delayed payments by improving payment discipline among buyers and unlocking working capital for small businesses, said the report by an arm of rating agency Crisil. The bankruptcy law (IBC) has…
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