Insolvency application u/s 9 rejected; Supreme Court upholds Rs. 1 crore default threshold per Section 4 proviso.

Application filed under Section 9 of the IBC, 2016 rejected - rejection on the ground that it does not fulfil the threshold as prescribed under Section 4 proviso where minimum default amount has been increased to Rs. 1 Crores - Apex court upheld the order of rejection of application - SC .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X