https://www.taxtmi.com/caselaws?id=299781 The enhanced minimum default threshold under section 4 of the Insolvency and Bankruptcy Code, 2016, introduced by Notification No. S.O. 1205(E) dated 24.03.2020, applies to section 9 applications filed on or after that date even if the underlying debt default arose earlier. A prior decision concerning an application filed before the notification was therefore not applicable. On that basis, the one crore rupee threshold governed the section 9 application filed on 13.09.2020, and the appeal was not liable to be admitted. en-us Mon, 25 Oct 2021 00:00:00 +0530 Wed, 29 Dec 2021 08:44:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299781 The enhanced minimum default threshold under section 4 of the Insolvency and Bankruptcy Code, 2016, introduced by Notification No. S.O. 1205(E) dated 24.03.2020, applies to section 9 applications filed on or after that date even if the underlying debt default arose earlier. A prior decision concerning an application filed before the notification was therefore not applicable. On that basis, the one crore rupee threshold governed the section 9 application filed on 13.09.2020, and the appeal was not liable to be admitted. Case-Laws Insolvency and Bankruptcy Mon, 25 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299781