A is a promoter of Company C and the latter’s account is classified as a non-performing asset account. Company C successfully undergoes a CIRP and is now acquired by Company D. Is A disqualified to be resolution applicant for any subsequent CIRP of any other corporate debtor?

No, Proviso to Section 29A(c) permits the promoter to pay all overdue amounts relating to the non-performing asset and become eligible to be a resolution applicant
No, mandate of Proviso to Section 29A(c) to pay all overdue amounts is redundant if corporate debtor has undergone CIRP and is now controlled by another entity
Yes, Section 29A(c) clearly states that promoter of corporate debtor whose account is classified as a non-performing asset is disqualified to be a resolution applicant
The IBC is silent on this issue and courts have not expressed a categorical opinion either