NCLAT Allows Fresh Form ‘G’ & EoIs, CIRP to Be Completed Timely

JM Financial Asset Reconstruction Company Ltd Vs Venkatachalam (NCLAT Chennai) NCLAT Chennai held that resolution professional is permitted to issue fresh Form G and to invite Expression of Interest (EoI) from new and interested eligible Prospective Resolution Applicants subject to the stipulations that the CIRP process has to be completed in a time bound manner. Facts- The challenge as given by the Appellant is to the Impugned Order of 03.04.2025, as it has been passed by the Ld. Adjudicating Authority. The consequential effect of the Impugned Order under challenge has been that, the direc...