NCLT Rejects Morani Motors Promoter's Late EOI Submission

NCLT Jaipur Bench dismisses an application by Morani Motors' promoter to submit an Expression of Interest after the CIRP deadline.
The applicant, a 51% shareholder, claimed eligibility under MSME exemptions but the CoC had already rejected her request with a 100% vote.
The Tribunal upheld the CoC's decision, citing CIRP regulations and the need to adhere to IBC timelines, as five resolution plans were already received.