https://www.taxtmi.com/caselaws?id=782248 The appellate tribunal upheld the impugned order and rejected the appeals as devoid of merit. It held that the eligibility criteria under section 29A of the IBC, as incorporated in the RFRP, had to be satisfied at three stages: submission of the resolution plan, consideration by CoC, and approval by the Adjudicating Authority. Since the resolution applicant had been declared a wilful defaulter before submission of the plan, it was ineligible under section 29A on the filing date. The revised plan was treated as a fresh plan, and the tribunal noted it could be considered afresh by the CoC along with other eligible plans, causing no prejudice to stakeholders. en-us Fri, 21 Nov 2025 00:00:00 +0530 Thu, 27 Nov 2025 08:36:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782248 The appellate tribunal upheld the impugned order and rejected the appeals as devoid of merit. It held that the eligibility criteria under section 29A of the IBC, as incorporated in the RFRP, had to be satisfied at three stages: submission of the resolution plan, consideration by CoC, and approval by the Adjudicating Authority. Since the resolution applicant had been declared a wilful defaulter before submission of the plan, it was ineligible under section 29A on the filing date. The revised plan was treated as a fresh plan, and the tribunal noted it could be considered afresh by the CoC along with other eligible plans, causing no prejudice to stakeholders. Case-Laws IBC Fri, 21 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782248