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Section 11A: Disposal of applications under section 54C and under section 7 or section 9 or section 10.

The Insolvency and Bankruptcy Code, 2016.Central Act · Act 31 of 2016

[11A. Disposal of applications under section 54C and under section 7 or section 9 or section10.(1) Where an application filed under section 54C is pending, the Adjudicating Authority shall pass an order to admit or reject such application, before considering any application filed under section 7 or section 9 or section 10 during the pendency of such application under section 54C, in respect of the same corporate debtor.

(2) Where an application under section 54C is filed within fourteen days of filing of any application under section 7 or section 9 or section 10, which is pending, in respect of the same corporate debtor, then, notwithstanding anything contained in sections 7, 9 and 10, the Adjudicating Authority shall first dispose of the application under section 54C.

(3) Where an application under section 54C is filed after fourteen days of the filing of any application under section 7 or section 9 or section 10, in respect of the same corporate debtor, the Adjudicating Authority shall first dispose of the application under section 7or section 9 or section 10.

(4) The provisions of this section shall not apply where an application under section 7 or section 9 or section 10 is filed and pending as on the date of the commencement of the Insolvency and Bankruptcy Code (Amendment) Act, 2021.]

Where this provision sits

ActThe Insolvency and Bankruptcy Code, 2016.
Section11A
Marginal noteDisposal of applications under section 54C and under section 7 or section 9 or section 10.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 26 of 2021. . Ins. by Act 26 of 2021, s. 5 (w.e.f. 4-4-2021).

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