https://www.taxtmi.com/caselaws?id=426186 The Tribunal allowed the appeal, setting aside the order that dismissed the application challenging the disqualification of an independent Director to submit a Scheme of Compromise and Arrangement during the liquidation process. The Tribunal found that the Adjudicating Authority erred in its interpretation of the relevant provisions of the Insolvency and Bankruptcy Code, 2016, and the Companies Act, 2013. It concluded that the independent Director was not disqualified and emphasized the importance of correctly applying the laws in such cases. en-us Fri, 05 Aug 2022 00:00:00 +0530 Mon, 08 Aug 2022 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426186 The Tribunal allowed the appeal, setting aside the order that dismissed the application challenging the disqualification of an independent Director to submit a Scheme of Compromise and Arrangement during the liquidation process. The Tribunal found that the Adjudicating Authority erred in its interpretation of the relevant provisions of the Insolvency and Bankruptcy Code, 2016, and the Companies Act, 2013. It concluded that the independent Director was not disqualified and emphasized the importance of correctly applying the laws in such cases. Case-Laws Companies Law Fri, 05 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426186