Case Law Analysis
|National Company Law Appellate Tribunal
IBC | Late Expression of Interest Invalid Without Fresh CoC Invitation: NCLAT Reaffirms Strict Procedural Compliance in CIRP
NCLAT rules that resolution applicants excluded from Form G’s final list cannot participate in CIRP, even if their delayed EOI is condoned, unless the Committee of Creditors issues a fresh invitation. The decision underscores the IBC’s zero-tolerance approach to procedural lapses, impacting distressed asset resolution timelines and stakeholder rights.