<h1>MCA Introduces COVID-19 Relief Schemes: Fresh Start, LLP Settlement, Delay Condonation, IBC Threshold Raised, Insolvency Process Suspended.</h1> The Ministry of Corporate Affairs introduced several schemes during the COVID-19 pandemic to support companies and LLPs. The Companies Fresh Start Scheme 2020 allowed companies to rectify filing defaults without penalties. The LLP Settlement Scheme offered similar relief to LLPs. Another scheme relaxed deadlines for filing forms related to charge creation or modification. A Condonation of Delay Scheme was also launched for companies restored by the National Company Law Tribunal. Additionally, the threshold for default under the Insolvency and Bankruptcy Code was raised, and a temporary suspension of the Corporate Insolvency Resolution Process was implemented to protect companies from insolvency proceedings during the pandemic.