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.