Resolution applicant eligibility under Section 29A clarified; MSME exemption under Section 240A applies at plan submission stage. Whether a resolution applicant is disqualified under Section 29A depends on the ineligibility criteria and the timing of assessment; the operative date ... Summary
Resolution applicant eligibility under Section 29A clarified; MSME exemption under Section 240A applies at plan submission stage.
Whether a resolution applicant is disqualified under Section 29A depends on the ineligibility criteria and the timing of assessment; the operative date for eligibility is the submission of the resolution plan, and Section 240A provides an MSME-targeted exemption from certain disqualifications to protect continuity and livelihoods.
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