Neighbouring Group Participation of Aldehyde group

Does the aldehyde group -CHO give neighbouring group participation? For example in the following compound:


[![compound](https://i.stack.imgur.com/LL3FRm.jpg)](https://i.stack.imgur.com/LL3FRm.jpg)


Why or why not will the formyl group show neighboring group participation? Although I have never seen an example of a -CHO group showing SN-NGP, it does seem feasible due to the lone pair of O, but I am not sure if it occurs or not.




[![enter image description here](https://i.stack.imgur.com/vqN1W.jpg)](https://i.stack.imgur.com/vqN1W.jpg)


If NGP occurs, the resultant ring would be highly unstable and strained due to Oxygen also doubly bonded to a Carbon.


Had there been an OH group instead of a CHO group though, NGP would have occurred, forming 1,2-epoxycyclohexane as an intermediate in your case.


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