📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      What is the minimum default amount required to initiate

      corporate insolvency under the IBC since 2020?
      A ₹1 Lakh Correct Answer Incorrect Answer
      B ₹10 Lakhs Correct Answer Incorrect Answer
      C ₹50 Lakhs Correct Answer Incorrect Answer
      D ₹1 Crore Correct Answer Incorrect Answer
      E ₹5 Crores Correct Answer Incorrect Answer

      Solution

      The minimum default amount to start the IBC process for companies was raised from ₹1 lakh to ₹1 crore in 2020.

      Practice Next
      ask-question