PETITION FOR CORPORATE INSOLVENCY RESOLUTION PROCESS

WHO CAN GIVE PETITION FOR CORPORATE INSOLVENCY RESOLUTION PROCESS

A financial creditor
Operational creditor
Corporate applicant which include corporate debtor or its shareholders, partners, management personnel or employees

These entire people can give application for initiating resolution process on company with the authority

FINANCIAL CREDITOR

Financial creditor are those creditor whose relationship with the company is financial and not of some other sorts ex. Debentures

OPERATIONAL CREDITOR

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