IBC (Amendment) Ordinance, 2020

INTRODUCTION The increase in the default threshold from INR 1 lakh to INR 1 crore was one of the first COVID-19 relief measures announced by the Minister of Finance. The Finance Ministry had also indicated that the government is also considering suspending initiating new insolvency applications for a period of 6 months.  The government’s announcementContinue reading “IBC (Amendment) Ordinance, 2020”