Question
What is the minimum amount of default specified by the
Central Government for initiating insolvency and liquidation proceedings under IBC?Solution
(1) This Part shall apply to matters relating to the insolvency and liquidation of corporate debtors where the minimum amount of the default is one lakh rupees: Provided that the Central Government may, by notification, specify the minimum amount of default of higher value which shall not be more than one crore rupees. In exercise of the powers conferred by the proviso to section 4 of the IB Code, 2016, the Central Government hereby specifies one crore rupees as the minimum amount of default for the purposes of the said section.
Select the option that can be used as a one-word substitute for the given group of words.
To walk aimlessly
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A person who is very interested in and enthusiastic a...
After new evidence was presented in court, the man who had been wrongly accused of the crime was finally exonerated and released from prison.
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The loop of rope with a running knot used to hang a person.
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One who is not easily pleased
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 A person who is afraid of water
Directions: in each of the following questions, choose the correct alternative which can be substituted for the below given word/ phrase of words.
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