https://www.taxtmi.com/caselaws?id=374277 Section 11 of the Insolvency Code has a limited operation: it only bars a corporate debtor from initiating proceedings where a liquidation order already exists, and therefore is irrelevant to whether insolvency petitions under initiation provisions may be filed before liquidation. The admitted financial creditor's application before the Tribunal stands as an independent proceeding to be decided under the Code; the appellate dismissal is not interfered with. Liberty is granted to the appellant to apply under the proviso to the Companies Act transfer provision to move the pending winding up proceeding to the insolvency tribunal for treatment as a Code proceeding. en-us Tue, 22 Jan 2019 00:00:00 +0530 Tue, 10 Feb 2026 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374277 Section 11 of the Insolvency Code has a limited operation: it only bars a corporate debtor from initiating proceedings where a liquidation order already exists, and therefore is irrelevant to whether insolvency petitions under initiation provisions may be filed before liquidation. The admitted financial creditor's application before the Tribunal stands as an independent proceeding to be decided under the Code; the appellate dismissal is not interfered with. Liberty is granted to the appellant to apply under the proviso to the Companies Act transfer provision to move the pending winding up proceeding to the insolvency tribunal for treatment as a Code proceeding. Case-Laws Companies Law Tue, 22 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374277