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of <h1>Section 11 of Insolvency and Bankruptcy Code restricts certain entities from starting corporate insolvency resolution process.</h1> Under Section 11 of the Insolvency and Bankruptcy Code, 2016, certain entities are prohibited from initiating the corporate insolvency resolution process. These include corporate debtors currently undergoing such a process or a pre-packaged insolvency resolution, creditors of such debtors, debtors who completed the process within the past twelve months, those with an approved resolution plan in the past twelve months, entities violating a resolution plan within twelve months, and debtors with a liquidation order. However, these restrictions do not prevent a corporate debtor from initiating insolvency proceedings against another corporate debtor.
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