https://www.taxtmi.com/caselaws?id=424146 A belated request by a suspended director of an MSME corporate debtor to submit an expression of interest and resolution plan after the EOI deadline was rejected. The Tribunal noted that resolution plans had already been received and were under scrutiny, while the applicant relied only on a bare letter without meeting the published eligibility conditions. It held that the process could not be stalled on a speculative claim of possible investor support later, and treated the application as an attempt to delay and defeat the CIRP. The request for permission was therefore declined, and the resolution process was to proceed within time for the of stakeholders. en-us Tue, 21 Jun 2022 00:00:00 +0530 Thu, 23 Jun 2022 09:23:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424146 A belated request by a suspended director of an MSME corporate debtor to submit an expression of interest and resolution plan after the EOI deadline was rejected. The Tribunal noted that resolution plans had already been received and were under scrutiny, while the applicant relied only on a bare letter without meeting the published eligibility conditions. It held that the process could not be stalled on a speculative claim of possible investor support later, and treated the application as an attempt to delay and defeat the CIRP. The request for permission was therefore declined, and the resolution process was to proceed within time for the of stakeholders. Case-Laws Insolvency and Bankruptcy Tue, 21 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424146