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Coronavirus: Government increases insolvency threshold to Rs 1 crore from Rs 1 lakh to help small firms

Updated : March 24, 2020 03:25 PM IST

This raising of the threshold will help small and medium enterprises, union finance minister Nirmala Sitharaman said.
The government will consider suspending Sections 7, 9, 10 of the Insolvency and Bankruptcy Code (IBC) for six months if the current economic situation continues beyond April.
Coronavirus: Government increases insolvency threshold to Rs 1 crore from Rs 1 lakh to help small firms

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