The Insolvency and Bankruptcy Code (Amendment) Bill, 2021, will introduce an alternate insolvency resolution process for the micro, small and medium enterprises (MSMEs), called the pre-packaged insolvency resolution process (PIRP).
source https://www.jagranjosh.com/current-affairs/insolvency-and-bankruptcy-code-amendment-bill-2021-passed-all-you-need-to-know-1627541462-1