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Pre-Packaged Insolvency Resolution Process ( PPIRP) In recognition of the role of MSMEs and to offer them some respite from the economic challenges due to COVID-19, a pre-packaged insolvency resolution process (PPIRP) was introduced by the Ministry of Law and Justice, GOI, by way of the Insolvency and Bankruptcy Code (Amendment) Act, 2021 dated April 4, 2021. Chapter III-A, sections 54A to 54P was introduced in Part II of IBC. Applicability • Corporate Debtor to be classified as a micro, small or medium enterprise (MSME) under Section 7(1) of the Micro, Small and Medium Enterprises Development Act, 2006 Threshold • Default amount is 10 lakhs, not be more than one crore rupees. For defaults of higher amounts, the MSME would have to initiate the corporate insolvency resolution process ("CIRP") under the Insolvency and Bankruptcy Code, 2016 (CIRP can be initiated with minimum 1 lakh default amount) Timeline
Find the area of a triangle whose sides are 12 m, 14 m, and 16 m.
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The corresponding medians of two similar triangles are 12 cm and 15 cm. If the area of the first triangle is 288 cm, then find the area of the second tr...
The area of an equilateral triangle is 64√3 cm2. Find the radius of the circle that circumscribes the triangle.