NCLT Hyderabad Bench held that:
(i) The fact remains that the publication for EoI was made in Newspapers which do not have wide circulation. As per the Audit Bureau of Circulations, the papers in which the publication was carried out in this case are not in the list of highly circulated newspapers.
(ii) Even if Regulation 6A was not there on the date of CIRP, the RP as a part of his duty to get complete information from all the Creditors, is expected to inform all the Creditors, about whom he has knowledge, in order to have an effective CIRP. As rightly contended by the Counsel for the Applicant, the approval of the CoC with regard to the Resolution Plan cannot be a ground to reject the Application.