Ambit of 29A of IBC – Decoding ArcelorMittal v Satish Kumar Gupta
The recent judgment of the apex court in the case of ArcelorMittal India Private Limited vs Satish Kumar Gupta and Others has revealed the true ambit and intent of Section 29A of Insolvency and Bankruptcy Code, 2016 (IBC). Section 29A has been introduced with effect from 23.11.17 to restrict persons who are not eligible to become resolution applicants.
Read more: Decoding Section 29A of IBC - Insolvency & Bankruptcy Code