https://www.taxtmi.com/caselaws?id=393564 The National Company Law Tribunal (NCLT) disqualified past board directors of 63 Moons Technologies Limited due to their involvement in mismanagement affecting public interest and the Indian financial system. Government nominees were allowed to safeguard stakeholders' interests. Liability was categorized for directors based on their tenure and control over the company. The tribunal found actions prejudicial to public interest, justifying winding up. Certain directors' disqualifications were upheld, while others were set aside. The decision aimed to restore confidence in the financial system and protect public interest. en-us Thu, 12 Mar 2020 00:00:00 +0530 Thu, 19 Mar 2020 10:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393564 The National Company Law Tribunal (NCLT) disqualified past board directors of 63 Moons Technologies Limited due to their involvement in mismanagement affecting public interest and the Indian financial system. Government nominees were allowed to safeguard stakeholders' interests. Liability was categorized for directors based on their tenure and control over the company. The tribunal found actions prejudicial to public interest, justifying winding up. Certain directors' disqualifications were upheld, while others were set aside. The decision aimed to restore confidence in the financial system and protect public interest. Case-Laws Companies Law Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393564