Exemption for MSME resolution applicants: clauses 29A(c) and (h) do not apply in CIRP or pre pack. Clauses (c) and (h) of section 29A do not apply to resolution applicants in the corporate insolvency resolution process or pre packaged insolvency resolution process of enterprises classified as micro, small and medium enterprises. The Central Government may, by notification in the public interest, exempt MSMEs from any provision of the Code or apply provisions with modifications; draft notifications must be laid before Parliament for thirty days with provisions for disapproval, modification and procedural timing, and issued notifications must be laid before both Houses.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption for MSME resolution applicants: clauses 29A(c) and (h) do not apply in CIRP or pre pack.
Clauses (c) and (h) of section 29A do not apply to resolution applicants in the corporate insolvency resolution process or pre packaged insolvency resolution process of enterprises classified as micro, small and medium enterprises. The Central Government may, by notification in the public interest, exempt MSMEs from any provision of the Code or apply provisions with modifications; draft notifications must be laid before Parliament for thirty days with provisions for disapproval, modification and procedural timing, and issued notifications must be laid before both Houses.
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