Insolvency and Bankruptcy Code, 2016. · Chapter I: Preliminary
Section 4: Application of this Part
This Part shall apply to matters relating to the insolvency and liquidation of corporate debtors where the minimum amount of the default is [one crore rupees]:
Provided that the Central Government may, by notification, specify the minimum amount of default of higher value which shall not be more than one crore rupees.
[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 prepackaged insolvency resolution process of corporate debtors under Chapter III-A.]
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 12 September 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 4
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Rutu Mihir Panchal & Ors. v. Union of India & Ors.
Constitutionality of ss.34(1), 47(1)(a)(i) and 58(1)(a)(i) of the Consumer Protection Act, 2019 prescribing pecuniary jurisdictions of the district, state and national commissions on the basis of value of goods and…
- Devas Multimedia Private Ltd. v. Antrix Corporation Ltd. & Anr
- Laxmi Pat Surana v. Union Bank of India & Anr.
- Manish Kumar v. Union of India and Another
- Committee of Creditors of Essar Steel India Limited Through Authorised Signatory v. Satish Kumar Gupta & Ors.