{"id":8405,"date":"2025-01-09T13:26:57","date_gmt":"2025-01-09T13:26:57","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=8405"},"modified":"2025-12-31T14:03:55","modified_gmt":"2025-12-31T14:03:55","slug":"comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/","title":{"rendered":"Comprehensive Breakdown Analysis of Sec 29A of IBC code"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-7806\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/11\/Evolvation-of-Section-29A.png\" alt=\"Evaluation of Section 29A\" width=\"1136\" height=\"601\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/11\/Evolvation-of-Section-29A.png 975w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/11\/Evolvation-of-Section-29A-300x159.png 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/11\/Evolvation-of-Section-29A-768x406.png 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/11\/Evolvation-of-Section-29A-800x423.png 800w\" sizes=\"(max-width: 1136px) 100vw, 1136px\" \/><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e985c426b03\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e985c426b03\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#Comprehensive_Breakdown_Critical_Analysis_of_Sec_29A_of_the_IBC_code\" title=\"Comprehensive Breakdown Critical Analysis of Sec 29A of the IBC code \">Comprehensive Breakdown Critical Analysis of Sec 29A of the IBC code <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#Key_Provisions_and_Their_Interpretations_of_Section_29A_of_the_IBC_code\" title=\"Key Provisions and Their Interpretations of Section 29A of the IBC code\">Key Provisions and Their Interpretations of Section 29A of the IBC code<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#Acting_Jointly_or_in_Concert\" title=\" Acting Jointly or in Concert\"> Acting Jointly or in Concert<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#Ineligibility_Criteria\" title=\" Ineligibility Criteria\"> Ineligibility Criteria<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#a_Undischarged_Insolvents\" title=\"(a) Undischarged Insolvents\">(a) Undischarged Insolvents<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#b_Wilful_Defaulters\" title=\"(b) Wilful Defaulters\">(b) Wilful Defaulters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#c_Non-Performing_Asset_NPA_Accounts\" title=\"(c) Non-Performing Asset (NPA) Accounts\">(c) Non-Performing Asset (NPA) Accounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#d_Convicted_Individuals\" title=\"(d) Convicted Individuals\">(d) Convicted Individuals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#e_Disqualification_Under_the_Companies_Act_2013\" title=\"(e) Disqualification Under the Companies Act, 2013\">(e) Disqualification Under the Companies Act, 2013<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#f_Prohibited_by_Securities_and_Exchange_Board_of_India\" title=\"(f) Prohibited by Securities and Exchange Board of India\">(f) Prohibited by Securities and Exchange Board of India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#g_PreferentialFraudulent_Transactions\" title=\"(g) Preferential\/Fraudulent Transactions\">(g) Preferential\/Fraudulent Transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#h_Default_on_Guarantees\" title=\"(h) Default on Guarantees\">(h) Default on Guarantees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#i_Disabilities_Outside_India\" title=\"(i) Disabilities Outside India\">(i) Disabilities Outside India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#j_Connected_Persons\" title=\"(j) Connected Persons\">(j) Connected Persons<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#Key_Strengths_of_Section_29A\" title=\"Key Strengths of Section 29A\">Key Strengths of Section 29A<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#Limitations_and_Criticisms_of_Section_29A\" title=\"Limitations and Criticisms of Section 29A\">Limitations and Criticisms of Section 29A<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.caindelhiindia.com\/blog\/comprehensive-breakdown-analysis-of-sec-29a-of-ibc-code\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Comprehensive_Breakdown_Critical_Analysis_of_Sec_29A_of_the_IBC_code\"><\/span><span style=\"color: #000080;\"><strong>Comprehensive Breakdown Critical Analysis of Sec 29A of the IBC code <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The introduction of Sec 29A in the IBC, 2016, marked a critical step in preventing errant promoters and connected parties from misusing insolvency proceedings to regain control of their defaulting businesses. Sec 29A of the IBC outlines the ineligibility criteria for resolution applicants during the CIRP. It ensures that promoters or related parties responsible for the corporate debtor&#8217;s distress cannot exploit the process to regain control. Despite addressing significant loopholes, Sec 29A has sparked debates on its stringent qualifying criteria, impacts on creditors&#8217; recoveries, and its overarching alignment with the Insolvency and Bankruptcy Code&#8217;s objectives. Here\u2019s a detailed analysis:<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Provisions_and_Their_Interpretations_of_Section_29A_of_the_IBC_code\"><\/span><span style=\"color: #000080;\"><strong>Key Provisions and Their Interpretations of Section 29A of the IBC code<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5149\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/11\/Section-29A-under-IBC-law.jpg\" alt=\"Section 29A under IBC law\" width=\"624\" height=\"188\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/11\/Section-29A-under-IBC-law.jpg 408w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/11\/Section-29A-under-IBC-law-300x90.jpg 300w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/><\/h2>\n<ol>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Acting_Jointly_or_in_Concert\"><\/span><span style=\"color: #000080;\"><strong> Acting Jointly or in Concert<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<p>The phrase &#8220;acting jointly or in concert&#8221; refers to individuals or entities working together as a cohesive group, potentially influencing the corporate debtor&#8217;s affairs.<\/p>\n<p><strong>Judicial Clarification<\/strong>: In <em>ArcelorMittal India Pvt. Ltd. v. Satish Kumar Gupta<\/em>, the Supreme Court clarified that this does not imply formal joint venture agreements. Instead, it encompasses scenarios where persons share objectives or act collaboratively to exert control.<\/p>\n<ol start=\"2\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Ineligibility_Criteria\"><\/span><span style=\"color: #000080;\"><strong> Ineligibility Criteria<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<h4><span class=\"ez-toc-section\" id=\"a_Undischarged_Insolvents\"><\/span><span style=\"color: #000080;\"><strong>(a) Undischarged Insolvents<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Individuals or entities undergoing insolvency proceedings but yet to resolve their liabilities are disqualified.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"b_Wilful_Defaulters\"><\/span><span style=\"color: #000080;\"><strong>(b) Wilful Defaulters<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Defined under RBI guidelines, a wilful defaulter:\n<ul>\n<li>Deliberately avoids repayment despite ability.<\/li>\n<li>Misuses borrowed funds.<\/li>\n<li>Diverts funds from their intended purposes.<\/li>\n<\/ul>\n<\/li>\n<li>Example: Cases involving misrepresentation or fraudulent financial practices.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"c_Non-Performing_Asset_NPA_Accounts\"><\/span><span style=\"color: #000080;\"><strong>(c) Non-Performing Asset (NPA) Accounts<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Entities managing or promoting a corporate debtor with accounts classified as NPAs for over a year are barred unless overdue amounts are cleared before submitting a resolution plan.<\/li>\n<li><strong>ArcelorMittal Judgment<\/strong>: Justice Nariman emphasized &#8220;positive control&#8221; as the defining factor for ineligibility under this clause.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"d_Convicted_Individuals\"><\/span><span style=\"color: #000080;\"><strong>(d) Convicted Individuals<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>A person convicted of offenses: Punishable by imprisonment of 2 years (under laws in the 12th Schedule) or 7 years under any law.<\/li>\n<li>Exemptions: After two years of release from imprisonment or in cases with an appeal against conviction.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"e_Disqualification_Under_the_Companies_Act_2013\"><\/span><span style=\"color: #000080;\"><strong>(e) Disqualification Under the Companies Act, 2013<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Directors disqualified under Section 164(1) of the Companies Act, for reasons such as insolvency, unsoundness of mind, or fraudulent practices, are ineligible.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"f_Prohibited_by_Securities_and_Exchange_Board_of_India\"><\/span><span style=\"color: #000080;\"><strong>(f) Prohibited by Securities and Exchange Board of India<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Individuals or entities banned by Securities and Exchange Board of India for engaging in fraudulent or unfair trade practices are disqualified.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"g_PreferentialFraudulent_Transactions\"><\/span><span style=\"color: #000080;\"><strong>(g) Preferential\/Fraudulent Transactions<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Promoters or managers of a corporate debtor involved in undervalued, preferential, or fraudulent transactions are disqualified unless:\n<ul>\n<li>These occurred before acquiring the corporate debtor.<\/li>\n<li>They were beyond the control of the resolution applicant.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"h_Default_on_Guarantees\"><\/span><span style=\"color: #000080;\"><strong>(h) Default on Guarantees<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Guarantors for a corporate debtor undergoing CIRP are ineligible if the guarantee has been invoked and remains unpaid.<\/li>\n<li><strong>RBL Bank Ltd. v. MBL Infrastructure Ltd.<\/strong>: Clarified that guarantees must be invoked and unpaid for ineligibility to apply.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"i_Disabilities_Outside_India\"><\/span><span style=\"color: #000080;\"><strong>(i) Disabilities Outside India<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Disabilities corresponding to clauses (a)\u2013(h) under foreign jurisdictions also render a person ineligible.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"j_Connected_Persons\"><\/span><span style=\"color: #000080;\"><strong>(j) Connected Persons<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Extends disqualification to:\n<ul>\n<li>Holding, subsidiary, associate companies.<\/li>\n<li>Related parties of the resolution applicant or corporate debtor.<\/li>\n<\/ul>\n<\/li>\n<li>Exemption: Financial entities unrelated to the corporate debtor.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Key_Strengths_of_Section_29A\"><\/span><span style=\"color: #000080;\"><strong>Key Strengths of Section 29A<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5138\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/11\/What-is-ineligibility-criteria-under-section-29A-of-IBC-Code..jpg\" alt=\"What is ineligibility criteria under section 29A of IBC Code.\" width=\"670\" height=\"319\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/11\/What-is-ineligibility-criteria-under-section-29A-of-IBC-Code..jpg 670w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/11\/What-is-ineligibility-criteria-under-section-29A-of-IBC-Code.-300x143.jpg 300w\" sizes=\"(max-width: 670px) 100vw, 670px\" \/><\/p>\n<ol>\n<li>Plugging Loopholes for Backdoor Entry: Sec 29A prevents defaulting promoters or connected persons from exploiting insolvency proceedings to reacquire assets at discounted rates. this aligns with the ethical foundations of the IBC and protects creditors&#8217; interests. Section 29A ensures that defaulting promoters cannot exploit insolvency processes for personal gain. Essar Steel Case: Promoters were barred from submitting resolution plans despite offering higher bids.<\/li>\n<li>Promoting Creditor Confidence: By disqualifying unscrupulous resolution applicants, Sec 29A fosters transparency and instills trust among creditors in the CIRP.<\/li>\n<li>Accountability for Past Defaults: The provision ensures that individuals or entities responsible for a corporate debtor\u2019s downfall are barred from further involvement, thereby incentivizing responsible business practices.<\/li>\n<li>Judicial Support: The judiciary has reinforced the necessity of Section 29A, as evident in cases like <em>Jaypee Infratech<\/em> and <em>Essar Steel<\/em>, emphasizing strict adherence to disqualification criteria to uphold the Insolvency and Bankruptcy Codes objectives.<\/li>\n<li>Balancing Fairness and Pragmatism: Courts often face challenges in balancing the morality of barring defaulting promoters and the economic benefits of accepting their higher bids.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Limitations_and_Criticisms_of_Section_29A\"><\/span><span style=\"color: #000080;\"><strong>Limitations and Criticisms of Section 29A<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Over-Broad Disqualifications: The section\u2019s broad scope includes a wide range of related and connected parties, which may inadvertently exclude capable resolution applicants. For instance, the inclusion of spouses and extended relatives in the &#8220;connected persons&#8221; definition can lead to unintended consequences.<\/li>\n<li>Impact on Creditor Recoveries: Stringent disqualification criteria may disqualify higher bidders (often promoters) who are willing to offer better returns to creditors. This undermines the economic viability of resolutions, as seen in the <em>Essar Steel<\/em> and <em>Monnet Ispat<\/em><\/li>\n<li>Practical Challenges in Implementation: Resolution professionals bear the burden of conducting exhaustive due diligence to identify ineligible applicants. This adds procedural complexities and strains the already tight corporate insolvency resolution process timelines. The broad definitions of &#8220;connected persons&#8221; and &#8220;related parties&#8221; often lead to disputes and delays, as seen in the Ruchi Soya case. The extensive due diligence required places a heavy burden on resolution professionals.<\/li>\n<li>Ambiguities in Interpretation: Terms like &#8220;person acting in concert&#8221; and the extensive definition of &#8220;related party&#8221; create interpretative challenges, leading to delays and legal disputes, as demonstrated in cases like <em>Ruchi Soya<\/em>.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><span style=\"color: #000080;\"><strong>Conclusion<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Sec 29A addresses critical ethical concerns by disqualifying promoters and connected parties responsible for corporate defaults. However, its stringent criteria and wide ambit risk undermining the Insolvency and Bankruptcy Codes core objective\u2014reviving distressed companies and maximizing creditor recoveries. By adopting pragmatic reforms, the IBC Code can continue to evolve as a robust framework for insolvency management in India.<\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/overviews-of-principles-of-avoidable-preferential-transactions-ibc-2016\/\" data-cke-saved-href=\"https:\/\/carajput.com\/blog\/overviews-of-principles-of-avoidable-preferential-transactions-ibc-2016\/\">Overviews of Principles of Avoidable Preferential Transactions IBC-2016<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/services\/how-does-the-role-of-resolution-professional-help.php\" data-cke-saved-href=\"https:\/\/carajput.com\/services\/how-does-the-role-of-resolution-professional-help.php\">How does the Role of Resolution Professional help under IBC<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/quick-review-on-insolvency-and-bankruptcy-code.html\" data-cke-saved-href=\"https:\/\/carajput.com\/learn\/quick-review-on-insolvency-and-bankruptcy-code.html\">quick overview of IBC<\/a><\/li>\n<li><strong><a href=\"https:\/\/carajput.com\/learn\/section-29a-certification-services-under-ibc.html\" data-cke-saved-href=\"https:\/\/carajput.com\/learn\/section-29a-certification-services-under-ibc.html\">29A Cerificate under the IBC law<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/carajput.com\/blog\/section-29a-of-ibc-2016\/\" data-cke-saved-href=\"https:\/\/carajput.com\/blog\/section-29a-of-ibc-2016\/\">Related party under section 29a of ibc Code<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/carajput.com\/publications\/ibc-laws-critical-analysis-of-section-29a-of-the-code.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/publications\/ibc-laws-critical-analysis-of-section-29a-of-the-code.pdf\">Section 29A of IBC act<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/carajput.com\/archives\/ip-hand-book-on-best-practices-during-cirp-process-under-ibc-code.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/archives\/ip-hand-book-on-best-practices-during-cirp-process-under-ibc-code.pdf\">IP Hand book on Best Practices during CIRP Process under IBC Code<\/a><\/strong><\/li>\n<\/ul>\n<p>We are also offering valuation Services like<\/p>\n<ul>\n<li>\u00b7 Valuation of Assets for Insolvency Purpose<br \/>\n\u00b7 Valuation of Assets for Voluntary Liquidation Purpose<br \/>\n\u00b7 Valuation of Assets for Merger &amp; Demergers<br \/>\n\u00b7 Valuation of Assets for Acquisition Purpose<br \/>\n\u00b7 Valuation of Assets for Impairment Testing<br \/>\n\u00b7 Valuation of Assets for Slump Sale Purpose<br \/>\n\u00b7 Valuation of Assets for Accounting Purpose<br \/>\n\u00b7 Valuation of Assets for Sale\/ Purchase Advisory Purpose<br \/>\n\u00b7 Valuation of Assets for Capital Gain\/ LossPurpose<br \/>\n\u00b7 Valuation of Assets for Transfer Pricing Purpose<br \/>\n\u00b7 Valuation of Assets for Banking Purpose<br \/>\n\u00b7 Valuation of Assets for NBFCs<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Comprehensive Breakdown Critical Analysis of Sec 29A of the IBC code The introduction of Sec 29A in the IBC, 2016, marked a critical step in preventing errant promoters and connected parties from misusing insolvency proceedings to regain control of their defaulting businesses. Sec 29A of the IBC outlines the ineligibility criteria for resolution applicants during &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[658],"tags":[1135],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8405"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=8405"}],"version-history":[{"count":5,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8405\/revisions"}],"predecessor-version":[{"id":9868,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8405\/revisions\/9868"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=8405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=8405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=8405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}