सिविल और कानूनी विज्ञान जर्नल

अमूर्त

Corporate Criminal Liability Under �29A(D) of Insolvency and Bankruptcy Code, 2016

Mayank Udhwani

§29A of the Insolvency and Bankruptcy Code, 2016 (IBC) was inserted by the Insolvency and Bankruptcy Code (Amendment) Act, 2018 (Amendment Act) [3]. It deals with “persons not eligible to be resolution applicant”. Clause (d) of §29A provides that a person will not be eligible to submit a resolution plan if such person or any other person acting jointly or in concert with such person or ‘connected person’ “has been convicted for any offence punishable with imprisonment for two years or more”