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    <title>INITIATION OF CRP BY OPERATIONAL CREDITOR’S AND SUSPENSION UNDER SECTION 10A OF IBC</title>
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    <description>Initiation of CIRP by an operational creditor under Section 9 permits filing after notice and proposal of an interim resolution professional; admission or rejection is time bound and CIRP begins on admission. Section 10A suspended initiation of insolvency proceedings for defaults arising on or after the notified pandemic date for a limited period, excluding pre notified defaults. If the date of default falls within the suspended period, a Section 9 petition is barred, a conclusion the appellate tribunal reached and which the Supreme Court did not disturb.</description>
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      <description>Initiation of CIRP by an operational creditor under Section 9 permits filing after notice and proposal of an interim resolution professional; admission or rejection is time bound and CIRP begins on admission. Section 10A suspended initiation of insolvency proceedings for defaults arising on or after the notified pandemic date for a limited period, excluding pre notified defaults. If the date of default falls within the suspended period, a Section 9 petition is barred, a conclusion the appellate tribunal reached and which the Supreme Court did not disturb.</description>
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