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.
Insolvency and Bankruptcy Code, 2016
Section 6: Persons who may initiate corporate insolvency resolution process
Chapter II — Corporate Insolvency Resolution Process
Source: official text of the Insolvency and Bankruptcy Code, 2016.