Invitation for expression of interest governs eligible applicants, publication, due diligence and list finalisation in the resolution process. The regulation requires the resolution professional to publish a Form G invitation for expressions of interest, indicating where the detailed invitation may be obtained and the last date for submission, in specified media including newspapers and designated websites. The detailed invitation must state committee approved eligibility criteria, applicable statutory ineligibility norms, basic corporate debtor information, and must not require any fee for submitting an expression of interest. Prospective applicants must submit unconditional expressions accompanied by undertakings and supporting records; the resolution professional shall conduct due diligence, issue a provisional list of eligible applicants, entertain objections within a short period, and then finalise the list for the committee.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Invitation for expression of interest governs eligible applicants, publication, due diligence and list finalisation in the resolution process.
The regulation requires the resolution professional to publish a Form G invitation for expressions of interest, indicating where the detailed invitation may be obtained and the last date for submission, in specified media including newspapers and designated websites. The detailed invitation must state committee approved eligibility criteria, applicable statutory ineligibility norms, basic corporate debtor information, and must not require any fee for submitting an expression of interest. Prospective applicants must submit unconditional expressions accompanied by undertakings and supporting records; the resolution professional shall conduct due diligence, issue a provisional list of eligible applicants, entertain objections within a short period, and then finalise the list for the committee.
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