Application of Corporate Insolvency Resolution process of the Insolvency & Bankruptcy Code 2016 [ Section 4 ]

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..... f the IBC as non-payment of a debt when the whole or any part or installment of the amount of debt has become due and payable, and is not paid by the debtor or the CD, as the case may be. Threshold Limit for Default Section 4 of the IBC provides that Part II of the IBC (which deals with the CIRP and liquidations) shall apply to matters relating to the insolvency and liquidation .....

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..... for the matters relating to the pre-packaged insolvency resolution process of corporate debtor under Chapter III-A of the Code. Extension of Default time period [ Notification No. S.O. 4638(E), dated 22nd December, 2020 ] The Central Government had notified further period of three months from the 25th December, 2020, for the purposes of the said section. This Section was in .....

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