Adjudicating Authority Cannot Direct Committee Of Creditors To Consider Expression Of Interest Submitted After Due Date: NCLAT

NCLAT has ruled that the Adjudicating Authority cannot direct the Committee of Creditors (CoC) to consider an Expression of Interest (EoI) submitted after the due date. This decision clarifies the timelines in the insolvency resolution process. The tribunal's ruling emphasizes the importance of adhering to statutory provisions. This judgment provides clarity on IBC procedures. The ruling underscores the need for legal compliance.