https://www.taxtmi.com/caselaws?id=428768 Concurrent findings of the NCLT and NCLAT upholding the resolution plan were left undisturbed, as interference was found unwarranted. The SC accepted that the appellants' proposed continuation in the company would make the resolution plan unworkable. It also agreed that erstwhile promoters could not be continued in any capacity, including as shareholders. Interference was therefore declined and the appeal was dismissed. en-us Fri, 30 Sep 2022 00:00:00 +0530 Tue, 11 Oct 2022 10:18:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428768 Concurrent findings of the NCLT and NCLAT upholding the resolution plan were left undisturbed, as interference was found unwarranted. The SC accepted that the appellants' proposed continuation in the company would make the resolution plan unworkable. It also agreed that erstwhile promoters could not be continued in any capacity, including as shareholders. Interference was therefore declined and the appeal was dismissed. Case-Laws Insolvency and Bankruptcy Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428768