Question
Under the IBC, which of the following is NOT a condition
for MSMEs to qualify for insolvency resolution?Solution
Under the IBC, there is no requirement for MSMEs to have been in continuous operation for a specific period. The key criteria for initiating the insolvency process are defaulting on debts and meeting the ₹1 crore default threshold. MSMEs can qualify for resolution or liquidation even if they have been operational for a short period.
The 3rd edition of National Youth Parliament Festival (NYPF) was inaugurated in the _____________.
What was the inflation rate for food and beverages in India in August 2024?
What does the 'L' represent in the name of India's first solar observatory satellite, AdityaL1?
Which company recently secured a Rs 13,300 crore order from Damodar Valley Corporation (DVC) to set up a 1600 MW (2X800MW) thermal power plant in Koderm...
National Institute of Fisheries Post Harvest Technology and Training (NIFPHATT), has organized a workshop on Matsya Sampada Jagrukta Abhiyan to promote ...
What is the objective of the digital education project in the Galle District, supported by the Government of India?
RBI's comprehensive revamp of currency management infrastructure is expected to take place over how many years?
In which city was the country's first solar roof cycling track, named Healthway?
Who is being appointed as the Chief Coordinator of G20 Summit 2023?
Who unveiled the mascot 'Juhi' for the Jharkhand Women’s Asian Champions Trophy Ranchi 2023, and what is the inspiration behind the mascot?
