https://www.taxtmi.com/manuals?id=3052 Section 3(12) defines default as non payment of due debt; Section 4 activates Part II insolvency and liquidation provisions for corporate debtors when the minimum default threshold is reached, subject to Central Government notifications that may raise the threshold or specify separate minima for the pre packaged resolution process under Chapter III A. en-us Wed, 02 Aug 2023 16:05:00 +0530 Fri, 08 Dec 2023 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3052 Section 3(12) defines default as non payment of due debt; Section 4 activates Part II insolvency and liquidation provisions for corporate debtors when the minimum default threshold is reached, subject to Central Government notifications that may raise the threshold or specify separate minima for the pre packaged resolution process under Chapter III A. Manuals IBC Wed, 02 Aug 2023 16:05:00 +0530 https://www.taxtmi.com/manuals?id=3052