Corporate insolvency initiation clarified: corporate debtors may commence CIRP against other corporate debtors by amendment. The amendment adds Explanation II to section 11, clarifying that nothing in that section prevents a corporate debtor within the specified clauses from initiating the corporate insolvency resolution process against another corporate debtor.
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Provisions expressly mentioned in the judgment/order text.
Corporate insolvency initiation clarified: corporate debtors may commence CIRP against other corporate debtors by amendment.
The amendment adds Explanation II to section 11, clarifying that nothing in that section prevents a corporate debtor within the specified clauses from initiating the corporate insolvency resolution process against another corporate debtor.
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