The object of this article is to analyze the implication of the increase in threshold for invoking The Insolvency and Bankruptcy Code (IBC). It further looks into some of the burning legal questions that have emerged in the aftermath of the increase and how Tribunals and Courts across the country have decided upon them.
NCLAT dismisses appeal against NCLT order initiating CIRP against the Corporate Debtor for Rs. 90 lakh default, on coming to a definite conclusion that MCA notification increasing the default threshold to Rs. 1 Cr.
