https://www.taxtmi.com/acts?id=54081 Section 29A bars specified persons from submitting a resolution plan, including undischarged insolvents, wilful defaulters, persons linked to non-performing asset accounts, persons convicted of serious offences, director-disqualified persons, and persons prohibited from securities trading. The bar also covers persons involved in specified avoidance or fraudulent transactions, persons who have given enforceable guarantees for an admitted corporate debtor, persons disabled under foreign law, and persons with ineligible connected persons. Connected person includes promoters, persons in management or control, and certain group or related entities, subject to exclusions for scheduled banks, asset reconstruction companies, and alternate investment funds. en-us Fri, 10 Apr 2026 11:58:10 +0530 Fri, 10 Apr 2026 11:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54081 Section 29A bars specified persons from submitting a resolution plan, including undischarged insolvents, wilful defaulters, persons linked to non-performing asset accounts, persons convicted of serious offences, director-disqualified persons, and persons prohibited from securities trading. The bar also covers persons involved in specified avoidance or fraudulent transactions, persons who have given enforceable guarantees for an admitted corporate debtor, persons disabled under foreign law, and persons with ineligible connected persons. Connected person includes promoters, persons in management or control, and certain group or related entities, subject to exclusions for scheduled banks, asset reconstruction companies, and alternate investment funds. Act-Rules F. Acts / Amendment Acts Fri, 10 Apr 2026 11:58:10 +0530 https://www.taxtmi.com/acts?id=54081