https://www.taxtmi.com/caselaws?id=421217 The Tribunal held that the suspended directors of the Corporate Debtor are obligated to sign the financial statements for the Financial Year 2019-2020 as mandated by the Companies Act, 2013. The Resolution Professional (RP) was deemed not competent to sign the statements in place of directors. The Tribunal emphasized the importance of compliance with procedural requirements under the Insolvency and Bankruptcy Code and Companies Act, 2013, and dismissed the appeal, directing the suspended directors to sign the financial statements within two weeks to ensure timely completion of the Corporate Insolvency Resolution Process. en-us Mon, 18 Apr 2022 00:00:00 +0530 Wed, 20 Apr 2022 08:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421217 The Tribunal held that the suspended directors of the Corporate Debtor are obligated to sign the financial statements for the Financial Year 2019-2020 as mandated by the Companies Act, 2013. The Resolution Professional (RP) was deemed not competent to sign the statements in place of directors. The Tribunal emphasized the importance of compliance with procedural requirements under the Insolvency and Bankruptcy Code and Companies Act, 2013, and dismissed the appeal, directing the suspended directors to sign the financial statements within two weeks to ensure timely completion of the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Mon, 18 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421217