IBBI Regulations On EOI: CoC Can Issue Fresh Call

This article reports on an NCLT ruling clarifying that IBBI regulations restrict only the modification of an already issued Expression of Interest (EOI), and do not bar the Committee of Creditors from issuing a fresh EOI. It explains the importance of EOIs in the corporate insolvency resolution process and how this interpretation promotes flexibility and maximisation of asset value. The report details the factual background, the regulatory provisions analysed, and the reasoning adopted by the tribunal. It also highlights the impact of the ruling on resolution professionals, creditors, and prospective resolution applicants.