https://www.taxtmi.com/caselaws?id=405283 The Supreme Court held that the ineligibility criteria under Section 29A and Section 35(1)(f) of the Insolvency and Bankruptcy Code (IBC) must apply to schemes of compromise or arrangement under Section 230 of the Companies Act, 2013, during liquidation under the IBC. Regulation 2B of the Liquidation Process Regulations, enforcing this principle, was deemed constitutionally valid. The Court dismissed the appeals and writ petition challenging these provisions, affirming the integrity of the insolvency process. en-us Mon, 15 Mar 2021 00:00:00 +0530 Fri, 12 Aug 2022 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405283 The Supreme Court held that the ineligibility criteria under Section 29A and Section 35(1)(f) of the Insolvency and Bankruptcy Code (IBC) must apply to schemes of compromise or arrangement under Section 230 of the Companies Act, 2013, during liquidation under the IBC. Regulation 2B of the Liquidation Process Regulations, enforcing this principle, was deemed constitutionally valid. The Court dismissed the appeals and writ petition challenging these provisions, affirming the integrity of the insolvency process. Case-Laws Insolvency and Bankruptcy Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405283