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IBC - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Status of corporate debtor claiming as MSME - CIRP proceedings - ...

Insolvency and Bankruptcy

February 25, 2020

Status of corporate debtor claiming as MSME - CIRP proceedings - Persons not eligible to be Resolution Applicant u/s 29A - No doubt an option is given to micro or small enterprises or to the medium enterprises engaged in rendering of services. If the person who established the enterprises, is not exercised the option of filing the memorandum with the specified authority under sub-section (3) or (4) of section 8, then the person who is running the enterprises, is not entitled for the benefits under the MSME Act. - Tri

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