I received a response from the editor in chief saying that he cannot recommend my manuscript for publication. But he encourages me to address all the 4 reviewers' comments and resubmit a substantial revision.

The manuscript was submitted the first time by the "second" author who used to be my PHD supervisor 2 years ago. Actually, i am the first author of this manuscript and would like to resubmit it by myself to the same journal. Is it possible to do that ?

I will keep the same authors and the same order as the previous version.

PS : I finished my PHD 2 years ago.

Why do i want to be the corresponding author ?

I have done all the job regarding this manuscript : writing, idea, simulations and corrections. During my PHD, I had too much troubles with my PHD supervisor. He even told me one time that if he modifies my manuscript he could put himself as the first author. When I finished writing my manuscript, he offered his help to submit it to the journal in order to save time (because I had a full time job in a company). I accepted but told him to send me every update regarding the publication process. He didn't do that and didn't answer my emails. He waited 4 months to submit it without any modification or correction. Actually, he tried to delay the submission as much as possible so I give up asking about my manuscript.
Now, he is asking me to send him the corrections but this time I want to take in charge the resubmission to the journal.