Insolvency and Bankruptcy Code, 2016. · Chapter II: Corporate Insolvency Resolution Process
Section 6: Persons who may initiate corporate insolvency resolution process
Where any corporate debtor commits a default, a financial creditor, an operational creditor or the corporate debtor itself may initiate corporate insolvency resolution process in respect of such corporate debtor in the manner as provided under this Chapter.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 12 September 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 6
- Vidarbha Industries Power Limited v. Axis Bank Limited
- Kotak Mahindra Bank Limited v. A. Balakrishnan & Anr.
- Devas Multimedia Private Ltd. v. Antrix Corporation Ltd. & Anr
- M/S Orator Marketing Pvt. Ltd. v. M/S Samtex Desinz Pvt. Ltd.
- Sesh Nath Singh & Anr. v. Baidyabati Sheoraphuli Co-Operative Bank Ltd. and Anr.
- Committee of Creditors of Essar Steel India Limited Through Authorised Signatory v. Satish Kumar Gupta & Ors.