Section 6: Persons who may initiate corporate insolvency resolution process

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The Insolvency and Bankruptcy Code, 2016

PART II
Insolvency Resolution and Liquidation for Corporate Persons

CHAPTER II
Corporate Insolvency Resolution Process(CIRP)

Section 6: Persons who may initiate corporate insolvency resolution process: 

*6. Where any corporate debtor commits a default, a financial creditor, an operational creditor or the corporate debtor itself may initiate corporate insolvency resolution process in respect of such corporate debtor in the manner as provided under this Chapter.


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Notifications & Circulars

*This shall come into force w.e.f. from 01.12.2016.

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