Lower the default threshold from Rs 1 crore for initiating action under IBC

The threshold of Rs 1 crore is not only eroding borrowers’ fiscal discipline but also is effectively closing the option of approaching the NCLT for MSME operational creditors owed smaller amounts that are crucial for their survival

from The Financial Express https://ift.tt/3opqStG
https://ift.tt/eA8V8J