IBC 4 — Application of this Part

Insolvency & Bankruptcy Code, 2016

Statutory text

(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 crore 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.

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