https://www.taxtmi.com/caselaws?id=771565 NCLAT Principal Bench rejected appellant's claim against corporate debtor in insolvency proceedings. Appellant failed to establish valid claims under joint development agreement dated 06.03.2016 for real estate project development. Key issue was that agreement was signed by disqualified director who ceased holding office from November 1, 2016 under Companies Act Sections 164(2)(a) and 167(1) due to non-filing of financial statements for three consecutive years. Appellant could not provide adequate supporting documents or evidence of direct payments to corporate debtor as required under CIRP Regulations 2016. Appeal dismissed for lack of merit. en-us Fri, 04 Apr 2025 00:00:00 +0530 Tue, 20 May 2025 14:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771565 NCLAT Principal Bench rejected appellant's claim against corporate debtor in insolvency proceedings. Appellant failed to establish valid claims under joint development agreement dated 06.03.2016 for real estate project development. Key issue was that agreement was signed by disqualified director who ceased holding office from November 1, 2016 under Companies Act Sections 164(2)(a) and 167(1) due to non-filing of financial statements for three consecutive years. Appellant could not provide adequate supporting documents or evidence of direct payments to corporate debtor as required under CIRP Regulations 2016. Appeal dismissed for lack of merit. Case-Laws IBC Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771565