2025 (8) TMI 15 - SC - IBC

Resigned Director Cannot File or Maintain Appeal for Corporate Debtor Under Relevant Corporate Law Provisions

The SC upheld the NCLAT's decision that the resignation of a director terminates their capacity to file or maintain an appeal on behalf of the corporate ... Seeking recall of the order - resignation of a director affects the maintainability of an appeal filed by that director on behalf of the corporate debtor or not - it was held by NCLAT that the resignation of a director nullifies their capacity to maintain an appeal on behalf of the corporate debtor, leading to the dismissal of the appeal. HELD THAT:- There are no good ground and reason to interfere with the impugned judgment/order passed by the National Company Law Appellate Tribunal. Appeal dismissed. The Supreme Court, through Hon'ble Justices Sanjay Kumar and Satish Chandra Sharma, dismissed the appeal against the National Company Law Appellate Tribunal's impugned judgment/order, finding 'no good ground and reason to interfere.' Consequently, the appeal was dismissed, and all pending applications were disposed of.