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Notification under section 7(1) of Insolvency & Bankruptcy Code 2016

Ministry of Corporate Affairs (MCA) Notification dated the 27th February, 2019

S.O. 1091(E).—In exercise of the powers conferred by sub-section (1) of section 7 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby notifies following persons who may file an application for initiating corporate insolvency resolution process against a corporate debtor before the Adjudicating Authority, on behalf of the financial creditor: -

 (i) a guardian;
 (ii) an executor or administrator of an estate of a financial creditor;
 (iii) a trustee (including a debenture trustee); and
 (v) a person duly authorised by the Board of Directors of a Company.

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