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    Question

    What is the minimum default amount required to initiate

    insolvency proceedings under the IBC as of the current 2024–2026 norms? 
    A ₹1 Lakh Correct Answer Incorrect Answer
    B ₹10 Lakh Correct Answer Incorrect Answer
    C ₹50 Lakh Correct Answer Incorrect Answer
    D ₹1 Crore Correct Answer Incorrect Answer
    E ₹5 Crore Correct Answer Incorrect Answer

    Solution

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

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