Threshold for default under IBC norms raised from Rs 1 lakh to Rs 1 crore: FM Nirmala Sitharaman

Threshold for default under IBC norms raised from Rs 1 lakh to Rs 1 crore: FM Nirmala Sitharaman The finance minister said the move, which aims to prevent triggering of insolvency proceedings against micro, small and medium enterprises (MSMEs), comes into effect immediately.

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