IBBI has notified that the Part-II of the Insolvency and Bankruptcy Code, 2017, relating to the insolvency and liquidation of corporate shall apply where the minimum amount of the default by Corporate Debtor is one crore rupees instead of one lakh rupees.
Effective date: March 24, 2020
Source: IBBI Circular
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Head Office: 604-605, PP City Center, Road Number 44, Pitampura, New Delhi-110034
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