TMI BlogSuspension of initiation of CIRP - On the basic principle of statutory interpretation, the provision of...Suspension of initiation of CIRP - On the basic principle of statutory interpretation, the provision of Section 10A is capable of only one meaning that is suspension of initiation of CIRP was only for a Corporate Debtor. Had the legislature intended suspension of initiation of CIRP against the Personal Guarantor also, similar amendment was also required to be made in Chapter III of Part III of the Code - Whether the suspension of insolvency resolution process has to be for Corporate Debtor and a..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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