Initiation vs Commencement: Understanding ‘Pendency’ under Section 60(2) of the IBC

The Issue and Statutory Framework An Application for initiating Corporate Insolvency Resolution Process [“CIRP”] against the Corporate Debtor, can be filed under Section 7, 9 or 10, as the case may be, of the Insolvency and Bankruptcy Code, 2016 [“the Code”] before the National Company Law Tribunal [“NCLT”]. However, at what date, can an Application… Continue reading Initiation vs Commencement: Understanding ‘Pendency’ under Section 60(2) of the IBC

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