2021 (11) TMI 947

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....the Appellant : Nikunj Hurria ORDER Abni Ranjan Kumar Sinha, Member (J) 1. The present application is filed under Section 9 of Insolvency & Bankruptcy Code, 2016 for initiation of the Corporate Insolvency Resolution Process against the Corporate Debtor i.e. Unipower Projects Private Limited. 2. We have heard the Ld. Counsel for the applicant on the point of issuance of notice to the re....

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..... 3,00,438/- and the date of default are of 17.07.2018 for the site Sector-48, Gurgaon and 04.09.2018 for site Emerald Plaza, Sector-65 Gurgaon. 7. Now coming to the first point, whether the application is maintainable in terms of the Notification dated 24.03.2020, by which the minimum threshold has been enhanced from Rs. 1 lakh to Rs. 1 Crore by making amendment in Section 4 of IBC, 2016 8.....

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....3.3020 even if debt is of a date earlier than 24.3.2020. Since the application under section 9 which is the subject matter of this appeal was filed on 13.9.2020, therefore the threshold limit of Rs. 1 crore of debt will be applicable in the present case. 9. When we consider the case in hand, in the light of the decision referred to Supra, we are of the considered view, the present application i....