https://www.taxtmi.com/caselaws?id=790210 An existing, unchallenged SEBI prohibition on accessing the securities market attracts ineligibility under Section 29A(f) of the Insolvency and Bankruptcy Code for submitting a resolution plan. The relevant inquiry is the existence of the operative bar, not the correctness of the SEBI order, and the insolvency forum need not re-adjudicate that order in eligibility proceedings. On the facts, a compulsory delisting order had expressly barred the promoters and related entities from accessing the securities market for ten years, so the appellant was rightly held ineligible and could not insist on consideration of its resolution plan. en-us Mon, 20 Apr 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790210 An existing, unchallenged SEBI prohibition on accessing the securities market attracts ineligibility under Section 29A(f) of the Insolvency and Bankruptcy Code for submitting a resolution plan. The relevant inquiry is the existence of the operative bar, not the correctness of the SEBI order, and the insolvency forum need not re-adjudicate that order in eligibility proceedings. On the facts, a compulsory delisting order had expressly barred the promoters and related entities from accessing the securities market for ten years, so the appellant was rightly held ineligible and could not insist on consideration of its resolution plan. Case-Laws IBC Mon, 20 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790210