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Section 4 - Insolvency and Bankruptcy Code Act, 2016
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.
Related Sections
- Section 134: Conduct of meeting of creditors
- Section 51: Orders of Adjudicating Authority in respect of extortionate credit transactions
- Section 150: Duties of bankrupt towards bankruptcy trustee
- Section 140: Disqualification of bankrupt
- Section 197: Constitution of advisory committee, executive committee or other committee
Related Acts
- Central Educational Institutions (Reservation in Teachers Cadre) Act, 2019
- Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020
- Direct Tax Vivad Se Vishwas Act, 2020
- Inter-Services Organisations (Command, Control and Discipline) Act, 2023
- National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Act, 2019
* Only for reference.