update version checks for v16

Ref: nodejs/node#40504

Author: shrujalshah28

src/esm.ts

@@ -54,10 +54,10 @@ export function createEsmHooks(tsNodeService: Service) {
   });
 
   // The hooks API changed in node version X so we need to check for backwards compatibility.
-  // TODO: When the new API is backported to v12, v14, v16, update these version checks accordingly.
+  // TODO: When the new API is backported to v12, v14, update these version checks accordingly.
   const newHooksAPI =
     versionGteLt(process.versions.node, '17.0.0') ||
-    versionGteLt(process.versions.node, '16.999.999', '17.0.0') ||
+    versionGteLt(process.versions.node, '16.20.0') ||
     versionGteLt(process.versions.node, '14.999.999', '15.0.0') ||
     versionGteLt(process.versions.node, '12.999.999', '13.0.0');