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Act
Insolvency and Bankruptcy Code Act, 2016
Section number
4
Section reader
Part II
Insolvency Resolution and Liquidation for Corporate Persons
Chapter I
Preliminary
4. Application of this Part.-
This Part shall apply to matters relating to the insolvency and liquidation of corporate debtors where the minimum amount of the default is one lakh rupees: Provided that the Central Government may, by notification, specify the minimum amount of default of higher value which shall not be more than one crore rupees.
