Keeping in mind the situation caused due to the spread of COVID-19, no application shall be filed for initiation of CIRP of a corporate debtor, for any default arising between six months (or such further period as may be notified in this behalf) beginning from March 25, 2020.
Effective date: June 05, 2020
Source: Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020
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