Corporate Insolvency Resolution Process threshold raised to Rs. 1 crore under IBC to protect small businesses; pending cases unaffected.

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....Enhancement of minimum amount of default limit from one lakh to 1 crore for initiating CIRP as against small and medium scale industries - the said notification will not apply to the pending applications filed before the concerned ‘Adjudicating Authority’ (Authorities), under IBC (waiting for admission), prior to the issuance of the aforesaid notification, as opined by this Tribunal - AT....