Promoter Eligible to Submit Resolution Plan even if MSME Registration obtained Post Commencement of CIRP: SC [Read Judgement]

Resolution Plan - MSME Registration - CIRP - Supreme Court - Supreme Court on resolution plan - CIRP commencement - Promoter eligibility - taxscan

The Supreme Court in a recent ruling held that the promoter is eligible to submit resolution plan even if MSME registration obtained post commencement of CIRP. Shree Aashraya Infra-Con Limited went into Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 [“the Code”] and the appellant was appointed as the Resolution Professional….

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