https://www.taxtmi.com/caselaws?id=757764 NCLAT allowed appellant's removal as party respondent in corporate insolvency proceedings after SFIO Final Report excluded appellant from IL&FS governing coterie and no criminal charges were filed against him. NCLT erroneously denied discharge despite no pending criminal proceedings or adverse findings. Court noted inordinately delayed investigation prejudicially affected senior citizen appellant's rights without justification. While enquiry may continue, appellant's name was removed from party list and asset freeze was vacated to meet ends of justice. en-us Fri, 30 Aug 2024 00:00:00 +0530 Mon, 02 Sep 2024 08:25:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757764 NCLAT allowed appellant's removal as party respondent in corporate insolvency proceedings after SFIO Final Report excluded appellant from IL&FS governing coterie and no criminal charges were filed against him. NCLT erroneously denied discharge despite no pending criminal proceedings or adverse findings. Court noted inordinately delayed investigation prejudicially affected senior citizen appellant's rights without justification. While enquiry may continue, appellant's name was removed from party list and asset freeze was vacated to meet ends of justice. Case-Laws Companies Law Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757764