81. (1) No employee shall, except with the previous sanction of the Competent Authority, have recourse to any Court or to the press for the vindication of any official act which has been the subject matter of adverse criticism or an attack of a defamatory character; Provided that if no such sanction is received by the employee within a period of 30 (thirty) days from the date of receipt of her request by the Competent Authority, she shall be free to assume that the permission as sought for h... ... ...

80. (1) Save as otherwise provided under these regulations, an employee who is arrested for non-repayment of debt or on a criminal charge or is detained in pursuance of any process of law, shall be considered to be under deemed suspension from the date of her arrest or of her detention, as the case may be, up to such date or such other period as the Competent Authority may direct. (2) For the period during which an employee is considered to be under deemed suspension, she shall be allowed... ... ...

79. (1) An employee shall so manage her private affairs as to avoid habitual indebtedness or insolvency. (2) An employee against whom any legal proceeding is instituted for the recovery of any debt due from her or for adjudging her as an insolvent, shall forthwith report the full facts of the legal proceedings to the Competent Authority. (3) An employee who is in debt shall furnish to the Competent Authority a signed statement of her position half-yearly on the 30th June and 31st Decem... ... ...

78. (1) An employee shall strictly abide by law relating to intoxicating drinks or drugs in force in an area in which she may happen to be posted for the time being. (2) It is also the duty of the employee to ensure that: (a) She takes due care that the performance of her duty is not affected in any way by the influence of any intoxicating drink or drug; (b) She does not appear in public place in a state of intoxication; Explanation. - For the purposes of this R... ... ...

77. No employee shall participate, either directly or indirectly, in an auction conducted by the Authority for sale of movable or immovable properties in pursuance of recovery proceedings initiated, if any, under the Act or any enactments listed in the First Schedule to the Act. =============... ... ...

HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE PAMIDIGHANTAM SRI NARASIMHA AND HON'BLE MR. JUSTICE J.B. PARDIWALA For the Appellant : Mr. Sidharth Barua, Adv. Mr. Praful Jindal, Adv. Mr. Faisal Sherwani, AOR For the Respondent : Ms. Vaishnavi Viswanathan, Adv. Mr. Arunava Mukherjee, AOR ORDER 1 We find no error in the order of the National Company Law Appellate Tribunal, Principal Bench, New Delhi dated 15 November 2022 in Company Appeal (AT) (Insolvency) No 658 of 2022. ... ... ...

76. (1) No employee shall; (a) Encourage representatives of any outside agencies to meet her at her residence/temporary headquarters while on tour, or for discussion on official matters; (b) Engage in oral clarifications and personal discussions with an IFSC Unit or public on matters relating to official dealings, except where necessary, while keeping her superior informed about such discussion, and shall ordinarily ensure that all such communications are conducted in writi... ... ...

75. No employee shall, except with the previous sanction of the Competent Authority, ask for or accept a contribution to or otherwise associate herself with the raising of any funds or other collections in cash or in kind in pursuance of any objective whatsoever. =============... ... ...

74. No employee shall join or continue to be a member of an association, the objects or activities of which are prejudicial to the interests of the Authority, sovereignty and integrity of India, public order or morality. =============... ... ...

73. No employee shall engage herself or participate in any demonstration which is prejudicial to the interest of the Authority, sovereignty and integrity of India, the security of the State, friendly relations with foreign States, public order, decency, morality, or which involves contempt of court, defamation or incitement of an offence. =============... ... ...

72. No employee shall in her individual capacity: - (a) borrow or permit any of her dependent family members to borrow, or otherwise place herself or her dependent family member under a pecuniary obligation to a broker or a money lender or a subordinate being an employee of the Authority or any person, association of persons, firm, company or institution, whether incorporated or not, having dealings with the Authority; (b) Incur debts at a race meeting; (c) lend mo... ... ...

71. (1) An employee shall make a declaration of her assets and liabilities as specified from time to time under the Lokpal and Lokayuktas Act, 2013 (1 of 2014); Provided that till the time the manner of such declaration is specified under Lokpal and Lokayuktas Act, 2013 (1 of 2014), an employee shall declare her assets and liabilities in the manner as specified from time to time, with the approval of the Competent Authority. (2) No employee shall, except with the previous intimation to... ... ...

70. (1) An employee shall not indulge in badla trading or trade, speculate in stocks, shares, securities or commodities of any description. (2) No employee shall, when in knowledge of unpublished price sensitive information, encourage any person to deal in the financial products or financial services to which it relates. (3) Each employee is deemed to be an "insider" within the meaning of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as ... ... ...

69. (1) No employee shall use her position to get a favorable return or profit, by whatever name called, than the prevalent market norm, by availing financial services from an IFSC Unit. (2) No employee shall avail of any financial service from an IFSC Unit in relation to a financial product regulated by the Authority wherein she is in possession of unpublished price sensitive information about such financial product. Provided that direct or indirect investment in commodity derivatives... ... ...

68. No employee shall engage in any commercial business or pursue it either on her own account or as agent for others, nor act as an agent for an insurance company nor shall she be connected with the formation or management of a joint stock company. Explanation - Canvassing by an employee in support of the business of insurance agency or commission agency carried on or managed by a member of her family shall be deemed to be a breach of this Regulation. =============... ... ...

67. (1) An employee shall not solicit or accept any gift or permit any member of her family or any person acting on her behalf to accept any gift from any person with whom the employee has or is likely to have official dealings either directly or indirectly, or from any subordinate employee. Explanation: - For avoidance of doubts, it is clarified that: (a) The expression "gift" shall include free transport, boarding, lodging or other service or any other pecuniary advantage when ... ... ...

66. An employee, if so required by the Competent Authority, must not absent herself from her station overnight without obtaining previous sanction of her superior; Provided that if for any genuine reason, it is not possible for an employee to obtain such permission in advance, she shall intimate her absence to such Competent Authority within 24 hours of such absence. Explanation .- For avoidance of doubts, it is hereby clarified that the term 'station' shall include the place o... ... ...

65. (1) An employee shall not absent herself from her duties without having first obtained the permission of the Competent Authority, nor shall absent herself in case of sickness or accident without submitting a requisite medical certificate, wherever required. (2) An employee who absents herself from duty without leave or overstays her leave, except under circumstances beyond her control for which she must tender a satisfactory explanation, shall not be entitled to draw any pay and allow... ... ...

64. (1) No employee shall undertake any part-time work for a private or public body or a private person, or accept any fee therefor, without the prior approval of the Competent Authority. Provided that such approval shall be granted only in exceptional cases, where the Competent Authority is satisfied that the said work can be undertaken without detriment to her official duties and responsibilities of the said employee. (2) The Competent Authority may, in cases where she deems fit to gran... ... ...

63. No employee shall bring or attempt to bring any political or other outside influence to bear upon any superior authority to further her interests in respect of matters pertaining to her services in the Authority. =============... ... ...