MANU/DCAF/0051/2020
Ministry : Ministry of Corporate Affairs
Notification No. : SO1205(E)
Date of Notification : 24.03.2020
Date of Publication : 24.03.2020
Central Government hereby specifies one crore rupees as the minimum amount of default for the purposes of
Section 4 of the Insolvency and Bankruptcy Code, 2016
S.O.1205(E).--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.
[F. No. 30/9/2020-Insolvency]
GYANESHWAR KUMAR SINGH, Jt. Secy.