{"id":227537,"date":"2020-03-25T13:39:21","date_gmt":"2020-03-25T08:09:21","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=227537"},"modified":"2020-04-01T19:42:34","modified_gmt":"2020-04-01T14:12:34","slug":"centre-specifies-rs-1-crore-as-the-amount-under-s-4-of-ibc-for-initiation-of-insolvency-proceedings","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/25\/centre-specifies-rs-1-crore-as-the-amount-under-s-4-of-ibc-for-initiation-of-insolvency-proceedings\/","title":{"rendered":"Centre specifies Rs 1 crore as the amount under S. 4 of IBC for initiation of Insolvency Proceedings"},"content":{"rendered":"

S.O. 1205(E).\u2014<\/strong>In exercise of the powers conferred by the proviso to section 4 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby specifies one crore rupees as the minimum amount of default for the purposes of the said section.<\/strong><\/span><\/p>\n

\n

Ministry of Corporate Affairs<\/strong><\/p>\n

[Notification dt. 24-03-2020]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

S.O. 1205(E).\u2014In exercise of the powers conferred by the proviso to section 4 of the Insolvency and Bankruptcy Code, 2016 (31 of <\/p>\n","protected":false},"author":8808,"featured_media":209748,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[20201,40198,40200,40199],"class_list":["post-227537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications","tag-central-government","tag-insolvency-proceedings","tag-rupees-1-crore","tag-section-4-of-ibc"],"yoast_head":"\nCentre specifies Rs 1 crore as the amount under S. 4 of IBC for initiation of Insolvency Proceedings | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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