While going through the notification dated 01.06.2020 of Government of India, it is clearly spelled that, it has to come into effect from 01.07.2020. Further, if there is nothing about retrospective effect in the notification, then its effect will be from the date of its issuance, however, in this notification effective date is clearly mentioned as 01.07.2020, however, sometime it is given retrospective effect, but to cure the defect or would be clarificatory in nature and hence retrospective. Under the facts and circumstances, as discussed herein above, the Corporate Debtor at this stage cannot be treated as MSME and cannot take the benefit of MSME, in view of amendment vide notification issued on 01.06.2020, w.e.f. 01.07.2020, by having its retrospective effect when admittedly on the date of filing application under section 9 of the IB Code Corporate Debtor does not fall under the criteria of MSME. Hence, the question Of not accepting the Resolution Plan filed by erstwhile promoters' does not arise as the erstwhile promoters' will be ineligible under Section 29A of the IB Code to file the Resolution Plan.