Some of the disqualifications under Section 29A of the IBC are de jure and some de facto. Implying that some of the disqualifications under Section 29A can be ‘cured’ by prospective resolution applicants to become eligible under the IBC.
Some disqualifications can be cured but before submission of a resolution plan. For example, payment of overdue amounts with interest and charges relating to a non-performing asset. See Proviso to Section 29A(c) and Arcelor Mittal India Pvt Ltd v Satish Kumar Gupta AIR 2018 SC 5646.