https://www.taxtmi.com/caselaws?id=302664 The Supreme Court dismissed the appeal seeking permission to maintain an appeal against the NCLAT order on resolution plan amendment by resolution applicants. The Court found no justification to grant locus standi to the former Director of the corporate debtor to pursue the appeal, leading to the rejection of the application and the dismissal of the appeal. The Court concluded that there were no grounds to permit the applicant-appellant to maintain the appeal based on the specific nature of the grievance related to the resolution plan amendment process and the involvement of multiple resolution applicants in the proceedings. en-us Mon, 07 Feb 2022 00:00:00 +0530 Fri, 10 Jun 2022 10:19:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302664 The Supreme Court dismissed the appeal seeking permission to maintain an appeal against the NCLAT order on resolution plan amendment by resolution applicants. The Court found no justification to grant locus standi to the former Director of the corporate debtor to pursue the appeal, leading to the rejection of the application and the dismissal of the appeal. The Court concluded that there were no grounds to permit the applicant-appellant to maintain the appeal based on the specific nature of the grievance related to the resolution plan amendment process and the involvement of multiple resolution applicants in the proceedings. Case-Laws Insolvency and Bankruptcy Mon, 07 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302664