https://www.taxtmi.com/caselaws?id=401356 A director of a company under corporate insolvency resolution process, with management suspended, cannot independently maintain proceedings on behalf of the company. The Resolution Professional is the competent person to represent the company in such circumstances. Because the applicant acted only as a former director and sought return of an unencashed demand draft issued for the company, the court held that he lacked locus standi and the application was not maintainable. en-us Tue, 01 Dec 2020 00:00:00 +0530 Sat, 05 Dec 2020 17:06:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401356 A director of a company under corporate insolvency resolution process, with management suspended, cannot independently maintain proceedings on behalf of the company. The Resolution Professional is the competent person to represent the company in such circumstances. Because the applicant acted only as a former director and sought return of an unencashed demand draft issued for the company, the court held that he lacked locus standi and the application was not maintainable. Case-Laws Insolvency and Bankruptcy Tue, 01 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401356