gautam asrani ( Ulhasnagar )
14-Sep-2026 05:52 PM
section 7(1)
if CD has defaulted FC an amount 1.2 CR and FC is unable to recover money thereafter FC transfer his right to claim to another FC at 90 lakhs then can the other FC has right to initiate CIRP
Hello Gautam, I hope you are doing good. Answer to your question : Yes, The assignee can initiate the CIRP if the FC has assign his right to initiate the CIRP. And the threshold limit will be remain the 1 crore. All the best.
Answer given by Shubhamm Sir at 17-Sep-2026 07:09 PM