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 debtor. Consequently, the appeal filed by the resigned director was dismissed. The court found no valid reason to interfere with the impugned order of the NCLAT and dismissed the appeal.

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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.

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