Section 29A of the IBC: Who can be a Resolution Applicant?
- August 26, 2025
Introduction Section 29A of the Insolvency and Bankruptcy Code (IBC), 2016, is a critical and often-debated provision that has fundamentally shaped India’s insolvency landscape. It acts as a gatekeeper, establishing a restrictive framework that determines who is ineligible to submit a resolution plan for a distressed company. The section was introduced to protect the integrity…