Question
What is the minimum default amount for initiating CIRP
for MSMEs under the IBC?Solution
Under the IBC, the minimum default amount required to initiate the Corporate Insolvency Resolution Process (CIRP) is ₹1 crore. This ensures that the insolvency process is used for larger, more systemic defaults and excludes smaller defaults that may be better handled through other means.
Who among the following sportsperson has recently been inducted into the International Tennis Hall of Fame on 16 July 2022?
What is India’s rank in the Climate Change Performance Index (CCPI) 2025?
Which portal has been launched to monitor child care institutions across the country?
What was India’s retail inflation rate in March 2025, the lowest since August 2019?
Punjab became the first state to empanel sign language experts under which law?
Which of the following B2B payments platform has received in-principle approval from the Reserve Bank of India (RBI) for a payment aggregator license?
What is the name of the clean energy challenge launched by GEAPP in partnership with DPIIT?
Recently Election Commissioner Rajiv Kumar assumed charge as the _________ Chief Election Commissioner?
What was the total value of India’s agricultural commodity exports in 2023-24?
India signed a $750 million currency swap agreement with which country to help manage its foreign currency crunch?
