Suspension of insolvency initiation: defaults arising during the emergency period barred from CIRP filings for a limited statutory period. Section 10A bars initiation of the corporate insolvency resolution process for any default arising on or after 25th March, 2020 for an initial period of six months, extendable by notification up to one year, and provides that no application shall ever be filed for defaults occurring during that period; the section does not apply to defaults before 25th March, 2020.