Timelines and Persons Not Eligible to Make Application Under the Insolvency and Bankruptcy Code

Learn about the critical timelines and eligibility restrictions governing applications under India's Insolvency and Bankruptcy Code in this 36-minute lecture. Explore the suspension of Corporate Insolvency Resolution Process (CIRP) initiation for defaults occurring during the COVID-19 period and understand which persons are prohibited from making applications under the IBC framework. Examine the specific time limits established for CIRP proceedings and discover which time periods are excluded from CIRP calculations. Gain comprehensive knowledge of the procedural safeguards and temporal restrictions that shape insolvency proceedings in India, including the regulatory responses to pandemic-related financial distress and the statutory framework governing who can and cannot initiate insolvency processes.