TMI BlogInitiation of CIRP - It is clear from the provisions of Section 8 and 9 of the Code, that unlike under...Initiation of CIRP - It is clear from the provisions of Section 8 and 9 of the Code, that unlike under Section 7, a Notice under Section 8 is to be issued by an ‘Operational Creditor’ individually and the Petition under Section 9 has to be filed by the Operational Creditor individually and not jointly. Individual Operational Creditor will have to issue their individual claim notice under Section 8 of the Code. Each claim will vary and would be different. The date of notice under Section 8 would ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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