TMI Blog2022 (12) TMI 1427X X X X Extracts X X X X X X X X Extracts X X X X ..... plication filed under Section 9 of the IBC, 2016 rejected - rejection on the ground that it does not fulfil the threshold as prescribed under Section 4 proviso where minimum default amount has been increased to Rs. 1 Crores by Notification of MCA dated 24.03.2020 - HELD THAT:- The Application has been filed by the Operational Creditor on 01.12.2021 for an amount of Rs. 42,94,620/-. The issue rais ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nder Section 9 of the IBC, 2016 has been rejected on the ground that it does not fulfil the threshold as prescribed under Section 4 proviso where minimum default amount has been increased to Rs. 1 Crores by Notification of MCA dated 24.03.2020. 2. The Application has been filed by the Operational Creditor on 01.12.2021 for an amount of Rs. 42,94,620/-. The issue raised in the Appeal is fully co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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