Ministry of Corporate Affairs

24.03.2020

Insolvency

Central Government specifies one crore rupees as minimum amount of default for purposes of Section 4 of IBC

MANU/DCAF/0051/2020

In exercise of the powers conferred by the proviso to section 4 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby specifies one crore rupees as the minimum amount of default for the purposes of the said section.

Tags : Minimum amount Default Specification

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