Provided that this clause shall not apply in relation to a connected person referred to in clause (iii) of Ex… — THE INSOLVENCY AND BANKRUPTCY CODE, 2016 Last Update 18-8-2021

[Provided that this clause shall not apply in relation to a connected person referred to in clause (iii) of Explanation I;]

2 [Provided that this clause shall not apply in relation to a connected person referred to in clause (iii) of Explanation I;] (f) is prohibited by the Securities and Exchange Board of India from trading in securities or accessing the securities markets; (g) has been a promoter or in the management or control of a corporate debtor in which a preferential transaction, undervalued transaction, extortionate credit transaction or fraudulent transaction has taken place and in respect of which an order has been made by the Adjudicating Authority under this Code;

Section 2