CV

SET A · Foundational

IBC Section 9 — Default Threshold

Operational creditor default threshold: ₹1 crore (raised from ₹1 lakh in March 2020).

Memory aid

Old: 1 lakh. Post-COVID: 1 crore.

⚠ Most common mistake

Quoting the pre-2020 threshold of ₹1 lakh.

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