https://www.taxtmi.com/article/detailed?id=7759 The Ordinance inserts Section 29A rendering certain persons ineligible to be Resolution Applicants-including wilful defaulters, persons with prolonged NPA classifications who have not settled dues, guarantors who stood behind the corporate debtor, and connected persons such as promoters and related parties-and mandates that the Committee of Creditors assess the feasibility and viability of resolution plans, rejecting plans that fail the new eligibility criteria even if submitted before the Ordinance. en-us Sat, 09 Dec 2017 13:06:48 +0530 Sat, 09 Dec 2017 13:06:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7759 The Ordinance inserts Section 29A rendering certain persons ineligible to be Resolution Applicants-including wilful defaulters, persons with prolonged NPA classifications who have not settled dues, guarantors who stood behind the corporate debtor, and connected persons such as promoters and related parties-and mandates that the Committee of Creditors assess the feasibility and viability of resolution plans, rejecting plans that fail the new eligibility criteria even if submitted before the Ordinance. Articles Corporate Laws / IBC / SEBI Sat, 09 Dec 2017 13:06:48 +0530 https://www.taxtmi.com/article/detailed?id=7759