Resolution plan invitations require strict publication, eligibility checks, confidentiality undertakings, and due diligence before final applicant listing. Invitation for expression of interest in the corporate insolvency resolution process must be published in the prescribed form within the stipulated timeline and through specified media. The detailed invitation must state eligibility criteria, applicable ineligibility norms, basic information, and the submission deadline, without requiring any fee or non-refundable deposit. Prospective resolution applicants must submit unconditional expressions of interest with undertakings and records, after which the resolution professional conducts due diligence, issues a provisional list, considers objections, and publishes the final list.
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.
Resolution plan invitations require strict publication, eligibility checks, confidentiality undertakings, and due diligence before final applicant listing.
Invitation for expression of interest in the corporate insolvency resolution process must be published in the prescribed form within the stipulated timeline and through specified media. The detailed invitation must state eligibility criteria, applicable ineligibility norms, basic information, and the submission deadline, without requiring any fee or non-refundable deposit. Prospective resolution applicants must submit unconditional expressions of interest with undertakings and records, after which the resolution professional conducts due diligence, issues a provisional list, considers objections, and publishes the final list.
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