Tag Archives: Section 10 of Insolvency and Bankruptcy Code 2016

Corporate debtor may file application for initiating insolvency resolution process

Bench National Company Law Tribunal (NCLT), Principal Bench, New Delhi Operational Creditor M/s. Incredible Unique Buildcon Pvt. Ltd. Corporate Debtor M/s. Clutch Auto Ltd. Amount of Default 12.88 Cr. Date of Order 10-04-2017 Relevant Section Section 10 of the Insolvency and Bankruptcy Code, 2016 read with Rule 7 of the Insolvency and Bankruptcy (Application to… Read More »

Section 10 of Insolvency and Bankruptcy Code 2016

Section 10 of Insolvency and Bankruptcy Code 2016 [ Note : Section 10  comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Initiation of corporate insolvency resolution process by corporate applicant. 10. (1) Where a corporate debtor has committed a default, a corporate applicant thereof may file an application for… Read More »