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TMI BlogApplication for initiation of corporate insolvency resolution process by operational creditor.X X X X Extracts X X X X X X X X Extracts X X X X ..... manding payment under sub-section (1) of section 8, if the operational creditor does not receive payment from the corporate debtor or notice of the dispute under sub-section (2) of section 8, the operational creditor may file an application before the Adjudicating Authority for initiating a corporate insolvency resolution process. (2) The application under sub-section (1) shall be filed in such f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r proof confirming that there is no payment of an unpaid operational debt by the corporate debtor or such other information, as may be prescribed.] (4) An operational creditor initiating a corporate insolvency resolution process under this section, may propose a resolution professional to act as an interim resolution professional. (5) The Adjudicating Authority shall, within fourteen days of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a) the application made under sub-section (2) is incomplete; (b) there has been 4[payment] of the unpaid operational debt; (c) the creditor has not delivered the invoice or notice for payment to the corporate debtor; (d) notice of dispute has been received by the operational creditor or there is a record of dispute in the information utility; or (e) any disciplinary proceeding is pending a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Second Amendment) Act, 2018 w.e.f. 06-06-2018 before it was read as "(d) such other information as may be specified." 3. Substituted vide Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 w.e.f. 06-06-2018 before it was read as "repayment" 4. Substituted vide Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 w.e.f. 06-06-2018 before it was read as "r ..... X X X X Extracts X X X X X X X X Extracts X X X X
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