Gupta, Lakshya (2018) Examining section 11 of the insolvency and bankruptcy code 2016. [Working papers (or Preprints)]
Examining Section 11 of the Insolvency and Bankruptcy Code 2016.pdf - Published Version
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Abstract
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.
Item Type: | Working papers (or Preprints) |
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Keywords: | Examining section 11 | Bankruptcy code 2016 | Interim resolution professional |
Subjects: | Social Sciences and humanities > Social Sciences > Law and Legal Studies |
JGU School/Centre: | Jindal Global Law School |
Depositing User: | Subhajit Bhattacharjee |
Date Deposited: | 23 Jun 2022 08:27 |
Last Modified: | 23 Jun 2022 08:27 |
URI: | https://pure.jgu.edu.in/id/eprint/3481 |
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