Please use this identifier to cite or link to this item: http://hdl.handle.net/10739/2128
Title: Examining section 11 of the insolvency and bankruptcy code 2016
Authors: Gupta, Lakshya
Keywords: Examining section 11
Bankruptcy code 2016
Interim resolution professional
Issue Date: 31-Dec-2018
Publisher: Indian Review of Corporate and Commercial Laws (IRCCL)
Citation: Gupta, Lakshya.(December 30, 2018). Examining section 11 of the insolvency and bankruptcy code 2016. Indian Review of Corporate and Commercial Laws.
Description: With the enactment of the Insolvency and Bankruptcy Code (IBC) in 2016, the government has tried to streamline the insolvency and bankruptcy laws across the nation. Chapter II of the Code gives the procedure for initiating a corporate insolvency resolution process (CIRP). Section 6 gives the class of persons eligible to initiate a CIRP against a corporate debtor (CD). This includes a financial creditor (FC), an operational creditor (OC) or the CD itself. Section 11 further elaborates who cannot initiate a CIRP. However, the section purports to serve no other purpose than to create confusion when read along with the rest of the Code.
URI: https://www.irccl.in/single-post/2018/12/30/Examining-Section-11-of-the-Insolvency-and-Bankruptcy-Code-2016
http://hdl.handle.net/10739/2128
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