https://www.taxtmi.com/caselaws?id=467393 Whether a resolution applicant is disqualified as an undischarged insolvent under Section 29A(a) and as a connected person under Section 29A(j): the tribunal applied the statutory meaning of undischarged insolvent (limited to individuals/partnerships under the Code) and held that disqualification requires that status and control/management to exist at the time of plan submission, finding the 3rd respondent lacked both then and so was not ineligible. Whether the plan unlawfully discriminated by paying a company for compulsorily convertible debentures while excluding a shareholder: the tribunal treated admitted CCD claims as financial debt, affirmed separate corporate personality, and held the plan lawfully paid admitted financial creditors, not shareholders. en-us Tue, 18 Jan 2022 00:00:00 +0530 Tue, 17 Mar 2026 13:13:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467393 Whether a resolution applicant is disqualified as an undischarged insolvent under Section 29A(a) and as a connected person under Section 29A(j): the tribunal applied the statutory meaning of undischarged insolvent (limited to individuals/partnerships under the Code) and held that disqualification requires that status and control/management to exist at the time of plan submission, finding the 3rd respondent lacked both then and so was not ineligible. Whether the plan unlawfully discriminated by paying a company for compulsorily convertible debentures while excluding a shareholder: the tribunal treated admitted CCD claims as financial debt, affirmed separate corporate personality, and held the plan lawfully paid admitted financial creditors, not shareholders. Case-Laws IBC Tue, 18 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467393