valid as on 22/10/2020

IBC Section 11-Persons not entitled to make application.
Effective from 01.12.2016 and font in blue w.e.f., 28.12.2019

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.

– For the purposes of this section, it is hereby clarified that nothing in this section prevent a corporate debtor referred to in clauses (a) to (d) from initiating corporate insolvency resolution process against another corporate debtor.

  1. Re-numbered vide Insolvency and Bankruptcy Code (Amendment) Act, 2020 dated 13.03.2020 w.e.f. 28.12.2019. To view the amendment act, Click Here. With this, the ordinance dated 28.12.2019 stands repealed.
  2. Re-numbered vide the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 dated 28.12.2019. To view the Ordinance. Click Here.
  1. Inserted vide Insolvency and Bankruptcy Code (Amendment) Act, 2020 dated 13.03.2020 w.e.f. 28.12.2019. To view the amendment act, Click Here. With this, the ordinance dated 28.12.2019 stands repealed.
  2. Inserted vide the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 dated 28.12.2019. To view the Ordinance. Click Here.

IBC-Enforcement Notification [S.O.3594(E)] dated 30/11/2016


The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 dated 28.12.2019


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