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    <title>Persons not entitled to make application to initiate corporate insolvency resolution process [ Section 11 ]</title>
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    <description>Persons are barred from initiating corporate insolvency resolution where they are the corporate debtor in specified recent or ongoing insolvency contexts: undergoing a corporate or pre pack resolution, being a financial or operational creditor of a debtor in a pre pack, having completed a resolution within the prior twelve months, having an approved resolution plan within that period, having violated an approved plan within the prior twelve months, or being subject to a liquidation order; a corporate applicant is included within the term corporate debtor and these bars do not prevent initiating proceedings against a different corporate debtor.</description>
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    <pubDate>Fri, 04 Aug 2023 17:45:00 +0530</pubDate>
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      <description>Persons are barred from initiating corporate insolvency resolution where they are the corporate debtor in specified recent or ongoing insolvency contexts: undergoing a corporate or pre pack resolution, being a financial or operational creditor of a debtor in a pre pack, having completed a resolution within the prior twelve months, having an approved resolution plan within that period, having violated an approved plan within the prior twelve months, or being subject to a liquidation order; a corporate applicant is included within the term corporate debtor and these bars do not prevent initiating proceedings against a different corporate debtor.</description>
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