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.
Pradhan Mantri Jan Dhan Yojna aims to provide universal access to banking facilities with at least one basic banking account for every household, finan...
Calculate Gross profit ratio:
In income tax terminology, TIS stands for:
Which bank has been assigned the Lead Bank Responsibility for the newly formed district of Maihar in the state of Madhya Pradesh?
What is the name of the index that measures the performance of small-cap companies in the Indian stock market?
The concept of "expectancy theory" in motivation, as proposed by Victor Vroom, posits that an individual's motivation is determined by three key factors...
Under Article 281 of the Constitution, the government must lay the Finance Commission's report in Parliament along with an ________. These reports inc...
What does BCBS stand for?
Identify the scenario that exemplifies the bandwagon effect:
Calculate Capital Gearing Ratio
