Minimum default threshold for prepackaged insolvency may be notified to set a higher eligibility floor for corporate debtors. The Central Government is empowered to notify a higher minimum default threshold for the prepackaged insolvency resolution process under Chapter III-A, provided that any such notified amount does not exceed one crore rupees; this creates a mechanism to set a distinct eligibility floor for corporate debtor prepack proceedings.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Minimum default threshold for prepackaged insolvency may be notified to set a higher eligibility floor for corporate debtors.
The Central Government is empowered to notify a higher minimum default threshold for the prepackaged insolvency resolution process under Chapter III-A, provided that any such notified amount does not exceed one crore rupees; this creates a mechanism to set a distinct eligibility floor for corporate debtor prepack proceedings.
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