What is the maximum default amount eligible under Pre-Packaged Resolution process?
Pre-Packaged Insolvency Resolution Process ( PPIRP) In recognition of the role of MSMEs and to offer them some respite from the economic challenges due to COVID-19, a pre-packaged insolvency resolution process (PPIRP) was introduced by the Ministry of Law and Justice, GOI, by way of the Insolvency and Bankruptcy Code (Amendment) Act, 2021 dated April 4, 2021. Chapter III-A, sections 54A to 54P was introduced in Part II of IBC. Applicability • Corporate Debtor to be classified as a micro, small or medium enterprise (MSME) under Section 7(1) of the Micro, Small and Medium Enterprises Development Act, 2006 Threshold • Default amount is 10 lakhs, not be more than one crore rupees. For defaults of higher amounts, the MSME would have to initiate the corporate insolvency resolution process ("CIRP") under the Insolvency and Bankruptcy Code, 2016 (CIRP can be initiated with minimum 1 lakh default amount) Timeline
Profit percentage received on a product when sold for Rs. 300 is equal to the percentage loss incurred when the same product is sold for Rs. 220. Find t...
Table given below shows the cost price and selling price of five different articles.
If the Cost price of an item is 6/4 of its selling price, then what will be the loss/profit percentage?
'A' sold an article whose cost price is Rs. 'Y', at a profit of 25% to 'B'. 'B' marked the price of the article 25% above the price at which he bought i...
In a shop, shirts are usually sold at 50% above the cost price. During a sale, the shopkeeper offers a discount of 20% off the usual selling price. If h...
A man earns a profit of 10 percent by selling a mobile for a certain price. If he sells that mobile at double the price, then what will be the profit p...
If Mohit purchased some goods for Rs. 1240 and sold one-fourth of these goods at a loss of 12% then at what gain per cent should the remainder goods be ...
A man bought 5 articles K, L, M, N, O at Rs. 620 each. Selling prices of K,L, M,N and O were x, x+ 20, x +25, x +75, x +80 respectively. Overall profit ...
A person buys 12 eggs for Rs.15 and sells them at 10 for Rs14. What does he gain or loss%?
The cost price of orange juice in bottle P is Rs. 68 per liter, and the cost price of orange juice in bottle Q is Rs. 48. When the orange juice in bottl...