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    Provisional bank account attachment lapses on expiry unless extended in time, restoring the right to operate accounts.
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      Once a Section 9 application was admitted and an interim...

      Insolvency appeal maintainability fails where a suspended director files in the corporate debtor's name after IRP appointment.

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      IBCApril 15, 2026Case LawsSC
      Once a Section 9 application was admitted and an interim resolution professional appointed, control of the corporate debtor's affairs vested in the IRP, so a suspended director could not file an appeal in the corporate debtor's name as its authorised representative. The appeal was inherently non-maintainable at inception, not a curable procedural defect, and the NCLAT erred in allowing later amendment of the cause title and memo of appeal. Given the strict limitation regime under the Code, with only a limited condonable period, the belated attempt to convert the incompetent appeal into a valid one was rejected. The appeal was dismissed on this ground alone.

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      ActsIncome Tax