No fresh insolvency to be initiated for one year under IBC: Finance Minister

Minimum threshold to initiative insolvency proceeding has been raised to Rs 1 crore from Rs 1 lakh to benefit MSMEs, she said adding that an Ordinance will be promulgated to bring this change in IBC.

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https://realty.economictimes.indiatimes.com/news/regulatory/no-fresh-insolvency-to-be-initiated-for-one-year-under-ibc-finance-minister/75787259

Source : ET Realty

Link : https://realty.economictimes.indiatimes.com/news/regulatory/no-fresh-insolvency-to-be-initiated-for-one-year-under-ibc-finance-minister/75787259