Govt raises default threshold to Rs 1 cr for invoking insolvency proceedings against firms

​​Talking to reporters, Finance and Corporate Affairs Minister Nirmala Sitharaman said the government may also consider suspending some key provisions of the Insolvency and Bankruptcy Code (IBC) in case the current situation following the outbreak of COVID-19 continued beyond April 30, 2020.

from Economy-News-Economic Times https://ift.tt/2Uev8z0