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IBC - Highlights / Catch Notes

Home Highlights November 2022 Year 2022 This

Initiation of CIRP - time limitation - there is no support to ...

Insolvency and Bankruptcy

November 26, 2022

Initiation of CIRP - time limitation - there is no support to the submission from the Section 10A that the prohibition from initiation of CIRP was limited for six months or one year and after expiry of that period an application can be filed for period covered by Section 10A also. The use of the expression in the proviso that no application shall ever be filed is clearly clarificatory of legislative intendment as contained in Section 10A. - AT

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