Mera Samvidhaan All of Insolvency and Bankruptcy Code, 2016

Part II · Chapter I · Preliminary

4Application of this Part.

Section 4 · Part II · Chapter I · page 20 of the Act

(1) This Part shall apply to matters relating to the insolvency and liquidation of corporate debtors where the minimum amount of the default is 1[one crore 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.

2[Provided further that the Central Government may, by notification, specify such minimum amount of default of higher value, which shall not be more than one crore rupees, for matters relating to the pre-packaged insolvency resolution process of corporate debtors under Chapter III-A.]

1 Subs. by Notifn. No. S.O. 1205(E), for “one lakh rupees” (w.e.f. 24-3-2020).

2 Ins. by Act 26 of 2021, s. 2 (w.e.f. 4-4-2021).

Other provisions that mention Section 4

Section 4 of The Insolvency and Bankruptcy Code, 2016 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.