https://www.taxtmi.com/caselaws?id=444015 The Tribunal upheld the Adjudicating Authority's rejection of the ex-director and shareholder's application seeking clarification on shareholding consideration and access to the Resolution Plan. The Tribunal found that the ex-director lacked standing as they were not part of the Suspended Board of Directors during the CIRP process and had resigned earlier. The Tribunal clarified that the previous judgment cited by the ex-director was not applicable to their situation. As the CIRP process was completed and the Resolution Plan approved without appeal within the limitation period, the Tribunal dismissed the Appeal. en-us Thu, 05 Oct 2023 00:00:00 +0530 Sat, 07 Oct 2023 08:29:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444015 The Tribunal upheld the Adjudicating Authority's rejection of the ex-director and shareholder's application seeking clarification on shareholding consideration and access to the Resolution Plan. The Tribunal found that the ex-director lacked standing as they were not part of the Suspended Board of Directors during the CIRP process and had resigned earlier. The Tribunal clarified that the previous judgment cited by the ex-director was not applicable to their situation. As the CIRP process was completed and the Resolution Plan approved without appeal within the limitation period, the Tribunal dismissed the Appeal. Case-Laws Insolvency and Bankruptcy Thu, 05 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444015