https://www.taxtmi.com/caselaws?id=403902 SC dismissed the appeal, holding that Section 10A bars filing of CIRP applications for defaults occurring on or after 25 March 2020 for the statutory embargo period (six months, extendable to one year), even if the application under Section 9 was filed before 5 June 2020. The proviso and explanation confirm the retrospective bar applies only to defaults on/after 25 March 2020. The decision preserves creditors' rights to the debt (debt not extinguished) and distinguishes the date of initiation (filing) from the insolvency commencement date (admission). en-us Tue, 09 Feb 2021 00:00:00 +0530 Sat, 25 Oct 2025 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403902 SC dismissed the appeal, holding that Section 10A bars filing of CIRP applications for defaults occurring on or after 25 March 2020 for the statutory embargo period (six months, extendable to one year), even if the application under Section 9 was filed before 5 June 2020. The proviso and explanation confirm the retrospective bar applies only to defaults on/after 25 March 2020. The decision preserves creditors' rights to the debt (debt not extinguished) and distinguishes the date of initiation (filing) from the insolvency commencement date (admission). Case-Laws IBC Tue, 09 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403902