Lenders confused over the status of non-admitted IBC cases

The government on March 24 raised the threshold for invoking IBC proceedings to Rs 1 crore from Rs 1 lakh, to prevent triggering of insolvency cases against small and medium enterprises facing the brunt of the pandemic. On March 29, the IBBI decided to not include the lockdown period in any ongoing corporate insolvency resolution process.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Wp0Smo