CPACECenterforProcessingAcceleratedCorporateExitTheUnionBudget202223hasproposedtoestablishtheCentreforProcessingAcceleratedCorporateExitCPACEforspeedywindingupofcompaniesfromthecurrentlyrequired2yearstolessthan6monthsTheBudgethasalsoproprosedtocarryoutnecessaryamendmentsintheInsolvencyampBankruptcyCodetoenhancetheefficacyoftheresolutionprocessandfacilitatecrossborderinsolvencyresolutionThemainaimoftheCodeisresolvingcorporatedebtorsindistress