https://www.123articleonline.com/rss/author/311858/beacon-trusteeship-beacon-trusteeshipArticles written by Beacon Trusteeship Beacon Trusteeship from 123ArticleOnline.comen-usCopyright (c) 123ArticleOnline.com All rights reserved. https://www.123articleonline.com/articles/1242499/insolvency-bankruptcy-code-ibc-pre-packaged-insolvency-resolution-process-synopsis Micro, Small & Medium Enterprises (MSMEs) play a significant role in the development of the economy by enabling job creation & boosting entrepreneurial innovations on a mass scale at the local level of a given economy. The MSMEs in India have been continuously widening their domain of services & product offerings to domestic & global markets. Considering the huge potential & pivotal role played by the MSMEs, it is of utmost importance that an environment be created which enables promotion & growth of this sector in all aspects.