Pratham Bohra ( Howrah )
12-Oct-2026 09:47 AM
Section 12A _ Withdrawal Of Application
Sir , as there is amendment in section 12A so the related case law will also become invalid right ? To be specific the case law of Brilliant Alloys where it was stated that withdrawal can be done even after invitation of expression of interest and like this all other case laws where ever amended become irrelevant
No, Brilliant Alloys and similar Supreme Court case laws do not automatically become completely invalid or irrelevant. However, their scope and binding nature are restricted to the extent that they conflict with express statutory amendments or IBBI regulations.
Answer given by Shubhamm Sir at 21-Oct-2026 08:18 AM