https://www.taxtmi.com/caselaws?id=414181 The Tribunal dismissed the application to restrain Mr. Piyush Periwal from participating in the resolution process of National Plywood Industries Ltd. It upheld the legislative intent behind Section 240A of the Insolvency and Bankruptcy Code, allowing MSMEs exemptions from Section 29A to promote entrepreneurship. The Tribunal found no merit in barring Mr. Periwal, emphasizing the importance of a viable and feasible resolution plan that aligns with the objectives of the IBC. en-us Thu, 07 Oct 2021 00:00:00 +0530 Thu, 28 Oct 2021 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414181 The Tribunal dismissed the application to restrain Mr. Piyush Periwal from participating in the resolution process of National Plywood Industries Ltd. It upheld the legislative intent behind Section 240A of the Insolvency and Bankruptcy Code, allowing MSMEs exemptions from Section 29A to promote entrepreneurship. The Tribunal found no merit in barring Mr. Periwal, emphasizing the importance of a viable and feasible resolution plan that aligns with the objectives of the IBC. Case-Laws Insolvency and Bankruptcy Thu, 07 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414181