https://www.taxtmi.com/caselaws?id=442345 The appeals filed by a shareholder and former Director against orders of the National Company Law Tribunal were dismissed by the Appellate Tribunal (Insolvency). The first appeal challenged a finding of trespassing on a property claimed as personal, not corporate debtor's. The second appeal involved non-cooperation with the Resolution Professional and treatment of personal property as corporate assets. The Appellant's failure to cooperate and produce necessary documents led to dismissal, emphasizing the duty of ex-directors to assist in insolvency processes. The Tribunal upheld the original orders, stressing the importance of cooperation for successful liquidation. en-us Thu, 24 Aug 2023 00:00:00 +0530 Wed, 30 Aug 2023 07:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442345 The appeals filed by a shareholder and former Director against orders of the National Company Law Tribunal were dismissed by the Appellate Tribunal (Insolvency). The first appeal challenged a finding of trespassing on a property claimed as personal, not corporate debtor's. The second appeal involved non-cooperation with the Resolution Professional and treatment of personal property as corporate assets. The Appellant's failure to cooperate and produce necessary documents led to dismissal, emphasizing the duty of ex-directors to assist in insolvency processes. The Tribunal upheld the original orders, stressing the importance of cooperation for successful liquidation. Case-Laws Insolvency and Bankruptcy Thu, 24 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442345