Under Section 29A of the Insolvency and Bankruptcy Code 2016, which of the following persons is INELIGIBLE to submit a resolution plan for a corporate debtor?

Section 29A of the Insolvency and Bankruptcy Code 2016 enumerates the persons who are ineligible to submit a resolution plan. The list includes a wilful defaulter in accordance with the guidelines of the Reserve Bank of India, a person who is an undischarged insolvent, a person disqualified to act as a director under the Companies Act 2013, and a person convicted of specified offences with sentences exceeding the prescribed limits, among others. A financial creditor is not disqualified merely by holding more than ten per cent of the voting share, operational creditors are expressly permitted to submit plans, and the Code does not require an expression of interest or an Indian registered office as a condition of eligibility. A wilful defaulter falls squarely within the bar created by Section 29A.