![Section 29A(c) IBC Ineligibility Tested on Plan Submission Date, Dues Extinguished by Approved Plan Not Revived: Supreme Court in Cosmic CRF v. Myotic Trading [2026 INSC 608]](/assets/images/article-corporate.svg)
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Section 29A(c) IBC Ineligibility Tested on Plan Submission Date, Dues Extinguished by Approved Plan Not Revived: Supreme Court in Cosmic CRF v. Myotic Trading [2026 INSC 608]
Supreme Court sets aside NCLAT orders holding Cosmic CRF ineligible under Section 29A(c) and (j) of the IBC. Eligibility is tested on the plan submission date, and dues of a company resolved years earlier under an approved plan cannot be resurrected.
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