Corporate insolvency resolution process may be initiated by financial creditors, operational creditors, or the corporate debtor on default. Where a corporate debtor commits default, a financial creditor, an operational creditor, or the corporate debtor itself may initiate corporate insolvency resolution process in the manner provided under the chapter. The provision identifies the persons entitled to commence the process and requires compliance with the prescribed chapter-based procedure.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Corporate insolvency resolution process may be initiated by financial creditors, operational creditors, or the corporate debtor on default.
Where a corporate debtor commits default, a financial creditor, an operational creditor, or the corporate debtor itself may initiate corporate insolvency resolution process in the manner provided under the chapter. The provision identifies the persons entitled to commence the process and requires compliance with the prescribed chapter-based procedure.
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