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of <h1>Supreme Court clarifies Section 11 of Insolvency Code: Corporate debtors can't initiate insolvency against themselves, but can against others.</h1> Section 11 of the Insolvency and Bankruptcy Code specifies entities not entitled to initiate a corporate insolvency resolution process. These include corporate debtors currently undergoing insolvency processes, those who completed such a process within the last twelve months, and those with a liquidation order. The Supreme Court clarified that Section 11 restricts a corporate debtor from initiating proceedings against itself to prevent misuse but does not prevent it from initiating proceedings against another corporate debtor. Notable cases interpreting this section include Forech India Ltd. vs. Edelweiss Assets Reconstruction Co. Ltd. and Manish Kumar vs. Union of India.
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