Law · Insolvency and Bankruptcy Code (IBC)
As per Section 78 of the Insolvency and Bankruptcy Code, 2016, the statutory minimum default amount required to initiate insolvency proceedings under Part III is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹50,000
- 2₹10,000
- 3₹5,000
- 4₹1,000✓
Correct answer
₹1,000
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