https://www.taxtmi.com/acts?id=54501 Suspension of initiation of the corporate insolvency resolution process is introduced by inserting section 10A into the Insolvency and Bankruptcy Code, 2016. The provision overrides sections 7, 9 and 10 to bar any application for initiation of corporate insolvency resolution process against a corporate debtor for defaults arising on or after 25 March 2020 for six months, or for such further period not exceeding one year as may be notified. It also clarifies that the restriction does not apply to defaults committed before 25 March 2020. en-us Wed, 27 May 2026 10:37:57 +0530 Wed, 27 May 2026 10:39:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54501 Suspension of initiation of the corporate insolvency resolution process is introduced by inserting section 10A into the Insolvency and Bankruptcy Code, 2016. The provision overrides sections 7, 9 and 10 to bar any application for initiation of corporate insolvency resolution process against a corporate debtor for defaults arising on or after 25 March 2020 for six months, or for such further period not exceeding one year as may be notified. It also clarifies that the restriction does not apply to defaults committed before 25 March 2020. Act-Rules F. Acts / Amendment Acts Wed, 27 May 2026 10:37:57 +0530 https://www.taxtmi.com/acts?id=54501