Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016 pertains to the initiation of a Corporate Insolvency Resolution Process (CIRP) by a financial creditor. It specifies the conditions, requirements, and procedures for a financial creditor to trigger insolvency proceedings against a corporate debtor.
Key Concepts of Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016 and Land Mark Judgements