Bar against initiation of CIRP applies to applications filed from 25.03.2020 even if application filed before date of amendment

Ramesh Kymal Vs Siemens Gamesa Renewable Power Pvt Ltd. (Supreme Court of India) Bar against initiation of CIRP applies to applications filed from 25 March 2020 even if application filed before date of amendment Conclusion:  Section 10A of the Insolvency and Bankruptcy Code (IBC) barred filing of applications for the commencement of the CIRP in respect of a corporate debtor for a default occurring on or after 25 March 2020, even if such application was filed before the date on which the amendment came into force i.e. 5 June 2020. Held: The appellate jurisdiction of Supreme Court under Section...