Central Government hereby specifies ten lakh rupees as the minimum amount of default for the matters relating to the pre-packaged insolvency resolution process of corporate debtor under Chapter III-A of Insolvency and Bankruptcy Code, 2016 - S.O. 1543 (E) - Insolvency and Bankruptcy
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Minimum default threshold for pre-pack insolvency established, determining eligibility for corporate debtor resolution under Chapter III-A. The Central Government, exercising the second proviso to section 4 of the Insolvency and Bankruptcy Code as amended by the 2021 Ordinance, specifies ten lakh rupees as the minimum amount of default for matters relating to the pre-packaged insolvency resolution process of a corporate debtor under Chapter III-A.
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Provisions expressly mentioned in the judgment/order text.
Minimum default threshold for pre-pack insolvency established, determining eligibility for corporate debtor resolution under Chapter III-A.
The Central Government, exercising the second proviso to section 4 of the Insolvency and Bankruptcy Code as amended by the 2021 Ordinance, specifies ten lakh rupees as the minimum amount of default for matters relating to the pre-packaged insolvency resolution process of a corporate debtor under Chapter III-A.
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