https://www.taxtmi.com/caselaws?id=404535 An expression of interest submitted on behalf of the corporate debtor by its suspended director was invalid because, after commencement of CIRP, the corporate debtor can act only through the resolution professional. Section 240A of the IBC gives an MSME relaxation only from disqualifications under section 29A(c) and (h), and does not override ineligibility under section 29A(a). As the corporate debtor was an undischarged insolvent, it remained barred from acting as a resolution applicant. The rejection of the expression of interest was therefore upheld as lawful. en-us Fri, 19 Feb 2021 00:00:00 +0530 Thu, 25 Feb 2021 09:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404535 An expression of interest submitted on behalf of the corporate debtor by its suspended director was invalid because, after commencement of CIRP, the corporate debtor can act only through the resolution professional. Section 240A of the IBC gives an MSME relaxation only from disqualifications under section 29A(c) and (h), and does not override ineligibility under section 29A(a). As the corporate debtor was an undischarged insolvent, it remained barred from acting as a resolution applicant. The rejection of the expression of interest was therefore upheld as lawful. Case-Laws Insolvency and Bankruptcy Fri, 19 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404535