https://www.taxtmi.com/acts?id=30989 Section 11 bars initiation of the corporate insolvency resolution process by a corporate debtor already under insolvency or pre-packaged insolvency, by certain creditors of a debtor under pre-packaged insolvency, by a debtor that completed insolvency or had an approved resolution plan within the preceding twelve months, by a debtor or financial creditor who violated such a plan within that period, and by a debtor against whom a liquidation order has been made. It also clarifies that these restrictions do not prevent such a corporate debtor from initiating insolvency against another corporate debtor. en-us Tue, 02 Jan 2018 13:08:11 +0530 Fri, 22 May 2026 15:06:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30989 Section 11 bars initiation of the corporate insolvency resolution process by a corporate debtor already under insolvency or pre-packaged insolvency, by certain creditors of a debtor under pre-packaged insolvency, by a debtor that completed insolvency or had an approved resolution plan within the preceding twelve months, by a debtor or financial creditor who violated such a plan within that period, and by a debtor against whom a liquidation order has been made. It also clarifies that these restrictions do not prevent such a corporate debtor from initiating insolvency against another corporate debtor. Act-Rules IBC Tue, 02 Jan 2018 13:08:11 +0530 https://www.taxtmi.com/acts?id=30989