Objections Raised by Applicant of Resolution Process cannot be Entertained at Belated Stage After Sale has already been Confirmed: NCLT

The NCLT has ruled that objections raised by an applicant of a resolution process cannot be entertained at a belated stage after the sale has already been confirmed. The tribunal emphasized the importance of timely objections in the resolution process, ensuring that the process is not unduly delayed. This decision reinforces the need for stakeholders to raise their concerns promptly to facilitate a smooth and efficient resolution process.