The above news is from Indian Express. Some relevant points. | ECONOMY by VIVEK SINGH

The above news is from Indian Express. Some relevant points.

1) The IBC 2016 was suspended from 25th March 2020 to 24th March 2021 (for one year) due to Covid-19 pandemic. This meant that no one can move to NCLT under IBC 2016 if the default has occurred due to Covid-19 related issues.

2) The threshold limit was also increased from Rs. 1 lakh to Rs. 1 crore and this is going to continue. This means that if the default in the debt is of more than Rs. 1 crore then only anyone can approach to NCLT under IBC 2016.

3) Pre-pack: Point No. 2 https://t.me/VivekSingh_Economy/2873