Law · Insolvency and Bankruptcy Code
For real estate allottees, what is the minimum threshold required to initiate a Corporate Insolvency Resolution Process (CIRP) against a corporate debtor?
- 1200 allottees or 5% of the total number of allottees, whichever is less
- 2100 allottees or 10% of the total number of allottees, whichever is less✓
- 3100 allottees or 25% of the total number of allottees, whichever is less
- 450 allottees or 25% of the total number of allottees, whichever is less
Correct answer
100 allottees or 10% of the total number of allottees, whichever is less
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