NCLAT: Threshold of Rs.1 Crore Is Required for Initiation of CIRP - (12 May 2022)
COMPANY
National Company Law Appellate Tribunal (NCLAT) has ruled that an application filed after 24.03.2020 under Section 7 of the Insolvency and Bankruptcy Code, 2016 for initiation of Corporate Insolvency Resolution Process under the threshold of Rs. One Crore is not maintainable.
Tags : NATIONAL COMPANY LAW APPELLATE TRIBUNAL SECTION 7 INSOLVENCY AND BANKRUPTCY CODE 2016 THRESHOLD ONE CRORE
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