New Resolution Applicants not entitled to Participate in CIRP and Submit Resolution Plan to NCLT without Issuance of Fresh Form G: NCLAT [Read Order]

New resolution applicants not entitled to participate in CIRP and submit Resolution Plan to NCLT without issuance of Fresh Form G, rules NCAT
By Kalyani B. Nair - On April 7, 2024 10:30 am - 2 mins read
CIRP - NCLAT - NCLT - Fresh Form G - Insolvency proceedings - NCLT Resolution Plan submission - taxscan

The New Delhi Bench of the National Company Law Appellate Tribunal held that new resolution applicants not entitled to participate in Corporate Insolvency Resolution Process ( CIRP ) and submit Resolution Plan to the National Company Law Tribunal ( NCLT ) without the issuance of Fresh Form G. The Appellantā€™s case is that it underwent…

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