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IBC - Highlights / Catch Notes

Home Highlights September 2022 Year 2022 This

Initiation of CIRP - Threshold limit for filing application - ...

Insolvency and Bankruptcy

September 1, 2022

Initiation of CIRP - Threshold limit for filing application - enhancement of minimum amount of default to one crore - filing of the petition was before that i.e. on 01.03.2020 - Since any notification issued by the Government are generally Prospective in nature unless specifically expressed, hence the notification is not applicable to the present case - the instant Application satisfies the pecuniary criteria under Section 9 of the Code, 2016. - Tri

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