https://www.taxtmi.com/caselaws?id=784263 The dominant issue was whether the resolution plan, approved by the CoC, was liable to be rejected for alleged ineligibility of the successful resolution applicant under s.29A(g) IBC. Applying SC authority, the Appellate Tribunal held that ineligibility must be assessed at the time of submission of the resolution plan; contemporaneous certificates issued by the CA and the resolution professional showed that the applicant was never disqualified to submit the plan. Consequently, the finding of the Adjudicating Authority treating the plan as non-compliant with s.29A(g) was set aside, and the matter was remanded for fresh consideration of the plan within four weeks. en-us Thu, 11 Dec 2025 00:00:00 +0530 Thu, 01 Jan 2026 08:18:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784263 The dominant issue was whether the resolution plan, approved by the CoC, was liable to be rejected for alleged ineligibility of the successful resolution applicant under s.29A(g) IBC. Applying SC authority, the Appellate Tribunal held that ineligibility must be assessed at the time of submission of the resolution plan; contemporaneous certificates issued by the CA and the resolution professional showed that the applicant was never disqualified to submit the plan. Consequently, the finding of the Adjudicating Authority treating the plan as non-compliant with s.29A(g) was set aside, and the matter was remanded for fresh consideration of the plan within four weeks. Case-Laws IBC Thu, 11 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784263