Invoices Unsealed Post-March 25, 2020, Barred by IBC Section 10A, Excluded from CIRP Threshold Calculation. https://www.taxtmi.com/highlights?id=64963 Initiation of CIRP proceedings - minimum requirement of threshold limit - It has been brought out that two invoices have been issued without any seal and signature. Admittedly, these two invoices dated 1st April, 2020 & 4th April, 2020 have been issued after 25th March, 2020. Hence, these two invoices will be barred by Section 10A of IBC. - these two invoices cannot be considered for threshold limit of Rs. 1 Crore - AT en-us Thu, 04 Aug 2022 12:50:30 +0530 Thu, 04 Aug 2022 12:50:30 +0530 TaxTMI RSS Generator Invoices Unsealed Post-March 25, 2020, Barred by IBC Section 10A, Excluded from CIRP Threshold Calculation. https://www.taxtmi.com/highlights?id=64963 Initiation of CIRP proceedings - minimum requirement of threshold limit - It has been brought out that two invoices have been issued without any seal and signature. Admittedly, these two invoices dated 1st April, 2020 & 4th April, 2020 have been issued after 25th March, 2020. Hence, these two invoices will be barred by Section 10A of IBC. - these two invoices cannot be considered for threshold limit of Rs. 1 Crore - AT Highlights Insolvency and Bankruptcy Thu, 04 Aug 2022 12:50:30 +0530 https://www.taxtmi.com/highlights?id=64963