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      Question

      What is the minimum default amount required to initiate

      insolvency proceedings under the IBC as of the current 2024тАУ2026 norms?┬а
      A тВ╣1 Lakh Correct Answer Incorrect Answer
      B тВ╣10 Lakh Correct Answer Incorrect Answer
      C тВ╣50 Lakh Correct Answer Incorrect Answer
      D тВ╣1 Crore Correct Answer Incorrect Answer
      E тВ╣5 Crore Correct Answer Incorrect Answer

      Solution

      To protect MSMEs from being dragged into insolvency for small amounts, the threshold was increased from тВ╣1 Lakh to тВ╣1 Crore.

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