Section 11 of Insolvency and Bankruptcy Code 2016
[ Note : Section 11 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]
Persons not entitled to make application.
11. The following persons shall not be entitled to make an application to initiate corporate insolvency resolution process under this Chapter, namely:—
| (a) | a corporate debtor undergoing a corporate insolvency resolution process; or | |
| (b) | a corporate debtor having completed corporate insolvency resolution process twelve months preceding the date of making of the application; or | |
| (c) | a corporate debtor or a financial creditor who has violated any of the terms of resolution plan which was approved twelve months before the date of making of an application under this Chapter; or | |
| (d) | a corporate debtor in respect of whom a liquidation order has been made. |
Explanation.—For the purposes of this section, a corporate debtor includes a corporate applicant in respect of such corporate debtor.