Case Law Analysis
|National Company Law Appellate Tribunal
Section 29A(f) IBC | SEBI Delisting Order Bars Resolution Applicant Even During Moratorium as Ineligibility Ground : NCLAT
NCLAT rules that a SEBI delisting order renders a promoter ineligible under Section 29A(f) of the IBC, overriding the moratorium protection. This precedent bars resolution applicants with market access prohibitions, regardless of the corporate debtor's insolvency status, impacting promoter-led resolution plans.