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Tag Archive for "chennai-bench-of-nclt" -

CentrikBlogsChennai Bench of NCLT

Tag: Chennai Bench of NCLT

Revised 1 crore threshold under IBC not to apply retrospectively

Posted by Amar VivekPosted on June 16, 2020June 16, 20200 CommentsCategories Insolvency & Bankruptcy Code 2016Tags Application of Revised threshold under IBC, Chennai Bench of NCLT, Creditors under IBC, IBC Experts in Delhi, IBC for Operational Creditors, impact of revision of threshold of default under IBC, Insolvency Bankruptcy Code 2016, NCLT rules under the IBC, Relief for Creditors, Threshold under IBC, Top IBC Lawyers in Delhi India

The interpretation adopted by the NCLT Chennai Bench over the prospective application of a new threshold of Rs 1 Crore brings a sigh of relief for all the creditors.

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