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    Question

    For initiating proceedings under IBC, what is the

    minimum amount of default?
    A Rs.1 lakh Correct Answer Incorrect Answer
    B Rs.10 lakh Correct Answer Incorrect Answer
    C Rs.50 lakh Correct Answer Incorrect Answer
    D Rs.75 lakh Correct Answer Incorrect Answer
    E Rs.1 crore Correct Answer Incorrect Answer

    Solution

    In March 2020, the┬аCentral Government increased the minimum amount of default for the purposes of initiating insolvency process under IBC to Rs.1 crore from Rs.1 lakh crore

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