https://www.taxtmi.com/caselaws?id=410251 A person disqualified under Section 29A of the Insolvency and Bankruptcy Code, 2016 cannot, during liquidation, use a compromise or arrangement under Section 230 of the Companies Act, 2013 to regain control of the corporate debtor or benefit from its assets. The liquidator is the proper statutory conduit for any such proposal, and a scheme moved by promoters or ex-directors behind the liquidator's back is not sustainable. MSME registration obtained without the liquidator's involvement did not cure the ineligibility or create any enforceable right to pursue the scheme. en-us Mon, 26 Jul 2021 00:00:00 +0530 Wed, 28 Jul 2021 08:52:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410251 A person disqualified under Section 29A of the Insolvency and Bankruptcy Code, 2016 cannot, during liquidation, use a compromise or arrangement under Section 230 of the Companies Act, 2013 to regain control of the corporate debtor or benefit from its assets. The liquidator is the proper statutory conduit for any such proposal, and a scheme moved by promoters or ex-directors behind the liquidator's back is not sustainable. MSME registration obtained without the liquidator's involvement did not cure the ineligibility or create any enforceable right to pursue the scheme. Case-Laws Insolvency and Bankruptcy Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410251