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Section 4 - Amendment of section 11. - The Insolvency And Bankruptcy Code (Amendment) Ordinance, 2021Extract Amendment of section 11. 4 . In section 11 of the principal Act,- (i) in clause (a), after the words corporate insolvency resolution process , the words or a pre-packaged insolvency resolution process shall be inserted; (ii) after clause (a), the following clause shall be inserted, namely: (aa) a financial creditor or an operational creditor of a corporate debtor undergoing a pre-packaged insolvency resolution process; or ; (iii) after clause (b), the following clause shall be inserted, namely:- (ba) a corporate debtor in respect of whom a resolution plan has been approved under Chapter III-A, twelve months preceding the date of making of the application; or .
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