TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 29A IBC: Criteria for Disqualifying Resolution Applicants in Insolvency Process, Key Case Arcelormittal Highlights True Controllers</h1> Section 29A of the Insolvency and Bankruptcy Code (IBC) outlines the criteria for disqualification of resolution applicants in the Corporate Insolvency Resolution Process. Ineligible parties include undischarged insolvents, wilful defaulters, those with non-performing asset accounts, convicted individuals, disqualified directors, and those prohibited by the Securities and Exchange Board of India. Exceptions exist for financial entities and certain transactions. Notable case law, such as Arcelormittal India Pvt. Ltd. vs. Satish Kumar Gupta, emphasizes the importance of identifying actual controllers behind resolution plans. The section's constitutional validity has been upheld, ensuring its application in insolvency and liquidation processes.
TaxTMI 
