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    Question

    The Central Government specified ______________as the

    minimum amount of default for the matters relating to the pre-packaged insolvency resolution process of corporate debtor
    A One lakh rupee Correct Answer Incorrect Answer
    B Ten lakh rupees Correct Answer Incorrect Answer
    C One crore rupee Correct Answer Incorrect Answer
    D Hundred crore rupees Correct Answer Incorrect Answer
    E No amount yet Correct Answer Incorrect Answer

    Solution

    IBC, Section 4-Application of this Part- Provided further that the Central Government may, by notification, specify such minimum amount of default of higher value, which shall not be more than one crore rupees, for matters relating to the pre-packaged insolvency resolution process of corporate debtors under Chapter III-A- he Central Government specified ten lakh rupees as the minimum amount of default for the matters relating to the pre-packaged insolvency resolution process of corporate debtor.

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