Section – 11, Insolvency and Bankruptcy Code, 2016
Persons not entitled to make application.
|(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.