The National Company Law Appellate Tribunal (NCLAT) has set aside the Corporate Insolvency Resolution Process (CIRP) initiated against Vikram Solar Limited, holding that the amount in default fell below the statutory threshold of ₹1 crore prescribed under Section 4 of the Insolvency and Bankruptcy Code (IBC). The order was passed in an appeal challenging the … Continue reading NCLAT Sets Aside Vikram Solar CIRP, Holds Default Falls Below ₹1 Crore Threshold