PART III INSOLVENCY RESOLUTION AND BANKRUPTCY FOR INDIVIDUALS AND PARTNERSHIP FIRMS
CHAPTER I PRELIMINARY
78. This Part shall apply to matters relating to fresh start, insolvency and bankruptcy of individuals and partnership firms where the amount of the default is not less than one thousand 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 lakh rupees.
Insolvency and Bankruptcy Code 2016
PART III INSOLVENCY RESOLUTION AND BANKRUPTCY FOR INDIVIDUALS AND PARTNERSHIP FIRMS
CHAPTER I PRELIMINARY
CHAPTER II FRESH START PROCESS
Section 80 Eligibility for making an application
Section 81 Application for fresh start order
Section 82 Appointment of resolution professional
Section 83 Examination of application by resolution professional
Section 84 Admission or rejection of application by Adjudicating Authority
Section 85 Effect of admission of application
Section 86 Objections by creditor and their examination by resolution professional
Section 87 Application against decision of resolution professional
Section 88 General duties of debtor