The appellant filed an appeal against the order of the NCLAT, which had dismissed the appellant's appeal against the NCLT's order. The NCLT had affirmed the rejection of the expression of interest by the Resolution Professional. The expression of interest was found unacceptable on two grounds. First, it was found to be in violation of Section 29A(a) of the Insolvency and Bankruptcy Code, 2016. Second, the attempt to seek shelter under Section 240A, claiming the Corporate Debtor was a MSME, was not favored. The Supreme Court heard the appellant's counsel and dismissed the appeal, agreeing that the expression of interest attracted Section 29A(a).

The appellant filed an appeal against the order of the NCLAT, which had dismissed the appellant's appeal against the NCLT's order. The NCLT had affirmed the rejection of the expression of interest by the Resolution Professional. The expression of interest was found unacceptable on two grounds. First, it was found to be in violation of Section 29A(a) of the Insolvency and Bankruptcy Code, 2016. Second, the attempt to seek shelter under Section 240A, claiming the Corporate Debtor was a MSME, was not favored. The Supreme Court heard the appellant's counsel and dismissed the appeal, agreeing that the expression of interest attracted Section 29A(a).