Increasing the IBC minimum threshold: A notification passed in larger interest and larger complexities
Mohit Singhvi, Aishwarya Anand
The authors have tried to discuss the ideabehind the notification which appears to be minimizing of large-scale insolvencies as anticipated by the disruptions caused by the disparaging COVID-19 and the unending destruction created by it and which is clearly an act of a ‘welfare state’. It is also expected that the minimum threshold may be a temporary measure to fight against the unforeseen event of COVID-19 and is introduced by the government to cope with the present situation though leaving a doubt as it does not provide any expiry date. However, apart from appreciating the move of the government of India, the authors have also highlighted the issues that go against the primary spirit of the code which aims at safeguarding the interest of everyone while reviving and restricting the commercial entities.
Mohit Singhvi, Aishwarya Anand. Increasing the IBC minimum threshold: A notification passed in larger interest and larger complexities. International Journal of Law, Volume 6, Issue 2, 2020, Pages 178-180