https://www.taxtmi.com/caselaws?id=420180 The application for initiation of the Corporate Insolvency Resolution Process under Section 9 of the IBC was dismissed as the claimed amount fell below the enhanced threshold limit of Rupees One Crore set by the Ministry of Corporate Affairs. The Adjudicating Authority found the application not maintainable as it was filed before the enhanced limit came into effect, emphasizing the necessity of adhering to the prescribed threshold limits under the IBC for the validity of such applications. en-us Wed, 16 Mar 2022 00:00:00 +0530 Tue, 29 Mar 2022 08:35:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420180 The application for initiation of the Corporate Insolvency Resolution Process under Section 9 of the IBC was dismissed as the claimed amount fell below the enhanced threshold limit of Rupees One Crore set by the Ministry of Corporate Affairs. The Adjudicating Authority found the application not maintainable as it was filed before the enhanced limit came into effect, emphasizing the necessity of adhering to the prescribed threshold limits under the IBC for the validity of such applications. Case-Laws Insolvency and Bankruptcy Wed, 16 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420180