Insolvency application priority under section 11A determines whether section 54C or sections 7, 9, 10 is disposed first. Section 11A of the Insolvency and Bankruptcy Code, 2016 regulates the priority for disposal of pending applications concerning the same corporate debtor under section 54C and under sections 7, 9 or 10. A pending section 54C application must be decided before any pending application under sections 7, 9 or 10. If section 54C is filed within fourteen days of a pending section 7, 9 or 10 application, section 54C is to be disposed of first; if filed after fourteen days, the sections 7, 9 or 10 applications are to be disposed of first.
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.
Insolvency application priority under section 11A determines whether section 54C or sections 7, 9, 10 is disposed first.
Section 11A of the Insolvency and Bankruptcy Code, 2016 regulates the priority for disposal of pending applications concerning the same corporate debtor under section 54C and under sections 7, 9 or 10. A pending section 54C application must be decided before any pending application under sections 7, 9 or 10. If section 54C is filed within fourteen days of a pending section 7, 9 or 10 application, section 54C is to be disposed of first; if filed after fourteen days, the sections 7, 9 or 10 applications are to be disposed of first.
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