Sathya Prasad on the legal ambiguity in accepting bids beyond stipulated deadlines

Satya Prasad T, director, FM Advisory Services at Fox Mandal & Associates, points out that the divided/contradictory decisions of the Tribunals exist due to facts of the case which are different from each other. “In the interests of principles of natural justice being applied, the Tribunals may come up with criteria/guidelines over a period of time, allowing Resolution Professional to accept bids beyond notified timelines.

– Business Standard