Notification increasing minimum amount of default to 1 Crore prospective in nature, holds NCLAT The National Company Law Appellate Tribunal (NCLAT) has held that the March Notification dated 24.03.2020 on increasing the minimum amount of default under Insolvency & Bankruptcy Code to Rs 1, 00, 00, 000 (Rupees One Crore Only) is prospective in nature and does not apply to pending applications. The judgement was passed by Justice Venugopal M, Member (Judicial); VP Singh, Member (Technical) and Shreesha Merla, Member (Technical). Reddy and Reddy Law Firm Pune comprises of a well experienced and diligent team of advocates specialised in handling matters related to Insolvency and Bankruptcy laws.
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Notification increasing minimum amount of default ...
2020-10-19T11:22:46
Notification increasing minimum amount of default to 1 Crore prospective in nature, holds NCLAT The National Company Law Appellate Tribunal (NCLAT) has held that the March Notification dated 24.03.2020 on increasing the minimum amount of default under Insolvency & Bankruptcy Code to Rs 1, 00, 00, 000 (Rupees One Crore Only) is prospective in nature and does not apply to pending applications. The judgement was passed by Justice Venugopal M, Member (Judicial); VP Singh, Member (Technical) and Shreesha Merla, Member (Technical). Reddy and Reddy Law Firm Pune comprises of a well experienced and diligent team of advocates specialised in handling matters related to Insolvency and Bankruptcy laws.
2020-10-19T11:22:46
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