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.
What happens to laws in force before the commencement of the Constitution of India if they are inconsistent with the provisions of the Constitution?
X and Y agree to start a business using forged documents. Before any action is taken towards obtaining the documents, they are arrested. Under Section 6...
As per section 81 of IPC motive should be___________________
Under SEBI Act 1992, Court shall not take cognizance of any offence except
Oral admissions as to the contents of a document are
With reference to Section 213 of the Code of Criminal Procedure, 1973- read the following illustration and select the correct option.
'A' is a...
Presumption as to dowry death is provided in Section _________ of Evidence Act.
The legal maxim ‘Consensus ad idem’ means _____
The term ADR stands for___________________
When did the Exim bank Act came into force?
