ineligible under Section 29A or Section 35(1)(f) cannot
seek an entry:
(a) at the CIRP stage; or
(b) under Section 230 ... contained in Section 29A and Section 35(1)(f) would
apply to a compromise or arrangement proposed under Section 230
under insolvency and resolution
process thereafter another window under liquidation
through Sec. 230 of the Companies Act, 2013,
therefore there cannot be any other procedure ... person ineligible under Section 29A of the Code, is permitted to propose a
scheme for revival under Section 230 of the Companies
dated 14.05.2019, the Liquidator did not receive any compliant
scheme under Section 230 of the Companies Act, 2013 within the time
duration of 6 months ... Company Appeal (AT) (Insolvency)
No. 224 of 2018.
13. Section 230 of the Companies Act, 2013 reads as follows:-
"230. Power to compromise
whether the
disqualification under Section 29A and proviso to Section 35(1)(f) of
the IBC also attaches to Section 230 ... Section 29A and Section 35(1)(f) of the
IBC must also attach itself to a scheme of compromise or
arrangement under Section 230
issued form -B inviting Applications. The Appellant submitted a scheme under
Section 230 of the Companies Act, 2013. The Scheme submitted by the
Appellant ... access information under
Section 33 and will consolidate the claim under Section 38
and after verification of claim in terms of Section 39 will
either
Velankanni before the Income Tax
Department attached the same.
6.8 The Sec 230 A of Income Tax Act prohibited registration of any property ... under this section
and a tangible provisions has to be made to make one eligible for such a certificate u/s 230 A of
Income
this section.'
' Section 232 - Merger and amalgamation of companies
1[(1) Where an application is made to the Tribunal
under section 230 ... exercise of the powers conferred
by sub-sections (1) and (2) of section 469 read with
sections 230 to 233 and sections
this section.'
' Section 232 - Merger and amalgamation of companies
1[(1) Where an application is made to the Tribunal
under section 230 ... exercise of the powers conferred
by sub-sections (1) and (2) of section 469 read with
sections 230 to 233 and sections
Liquidator' (under Section 35(n) and
60(5) of the IBC Code read with Section 230 of the Companies Act, 2013) passed ... Affidavit' under Section 29A of the
Insolvency and Bankruptcy Code, when the compromise arrangement was made
under Section 230 of the Code, moreover
reproduced
below for ease of convenience:
Section 23(xviii) - In exercise of powers conferred under
section 230 of the Companies Act, 2013 R/w Rule ... Appellant on a comparative analysis of Section 391 of the Companies Act,
1956 and Section 230 of the Act, there is no power to grant
