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Journal of Legal Research by ILRF · Vol. 1, Issue 8 (October 2026)

Rethinking the Pre-Packaged Insolvency Framework for MSMEs in India: Need for Reform

Manognya Eleswarapu | 4th Year, B.B.A. LL.B. (Hons.) | Symbiosis Law School, Pune

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Abstract

Examines why very few MSMEs have used the Pre-Packaged Insolvency Resolution Process (PPIRP), added to the IBC in 2021. It blames restrictive eligibility, a promoter-skewed base plan, reliance on the NCLT, stakeholder hesitancy and the exclusion of operational creditors. It argues the 2026 amendments don't go far enough and proposes structural reforms.

Article Information

Journal
Journal of Legal Research by ILRF
ISSN
3139-7107 (Online)
Volume
1 (I)
Issue
8 — October 2026
Length
14 Pages
Published
2 November 2026
Publisher
India Legal Research Foundation
DOI
Not yet assigned

How to Cite

Manognya Eleswarapu, “Rethinking the Pre-Packaged Insolvency Framework for MSMEs in India: Need for Reform”, Journal of Legal Research by ILRF, Vol. 1, Issue 8 (October 2026), ISSN 3139-7107.

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