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Govt suspends fresh IBC proceedings for one year; debts related to COVID excluded from 'default'

Updated : May 17, 2020 01:06 PM IST

Debts related to Covid-19 will be exempted from IBC proceedings for upto 1 year.
Minimum threshold to initiate insolvency proceedings raised to Rs 1 crore from Rs 1 lakh.
Govt suspends fresh IBC proceedings for one year; debts related to COVID excluded from 'default'

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