Persons not entitled to make application to initiate corporate insolvency resolution process [ Section 11 ]

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..... make an application to initiate corporate insolvency resolution process under this Chapter, namely:- (a) a corporate debtor undergoing a corporate insolvency resolution process or a pre-packaged insolvency resolution process; or (aa) a financial creditor or an operational creditor of a corporate debtor undergoing a pre-packaged insolvency resolution process; or (b) a corpo .....

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..... his section, it is hereby clarified that nothing in this section shall prevent a corporate debtor referred to in clauses (a) to (d) from initiating corporate insolvency resolution process against another corporate debtor. Relevant case Law interpretated the Section 11 by Supreme Court In the case of Forech India Ltd. Vs. Edelweiss Assets Reconstruction Co. Ltd. - SC, dated 2 .....

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