https://www.taxtmi.com/news?id=23889 For 1 April 2020 to 31 December 2020, 283 firms entered CIRP with 76 resolved, 128 closed by withdrawal/appeal/settlement and 189 liquidated; 30 corporate persons were dissolved/sold/compromised under section 230 through liquidation and 59 under voluntary liquidation. The default threshold under the Insolvency and Bankruptcy Code was raised to one crore, Section 10A temporarily suspended initiation of CIRP for specified COVID-period defaults which remain carved out for initiation purposes, and Section 66 was amended to protect directors from personal liability for COVID-period defaults. en-us Mon, 22 Mar 2021 17:49:39 +0530 Mon, 22 Mar 2021 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23889 For 1 April 2020 to 31 December 2020, 283 firms entered CIRP with 76 resolved, 128 closed by withdrawal/appeal/settlement and 189 liquidated; 30 corporate persons were dissolved/sold/compromised under section 230 through liquidation and 59 under voluntary liquidation. The default threshold under the Insolvency and Bankruptcy Code was raised to one crore, Section 10A temporarily suspended initiation of CIRP for specified COVID-period defaults which remain carved out for initiation purposes, and Section 66 was amended to protect directors from personal liability for COVID-period defaults. News - Mon, 22 Mar 2021 17:49:39 +0530 https://www.taxtmi.com/news?id=23889