21 November 2022


News

NCLAT: Threshold of Rs.1 Crore Is Required for Initiation of CIRP - 12.05.2022

National Company Law Appellate Tribunal (NCLAT) has ruled that an application filed after 24.03.2020 under Section 7 of the Insolvency and Bankruptcy Code, 2016 for initiation of Corporate Insolvency Resolution Process under the threshold of Rs. One Crore is not maintainable.

Tags : National Company Law Appellate Tribunal Section 7 Insolvency and Bankruptcy Code 2016 threshold One Crore

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