https://www.taxtmi.com/caselaws?id=789808 Once an interim resolution professional is appointed under the Insolvency and Bankruptcy Code, management of the corporate debtor vests in that professional, and a suspended director has no authority to file an appeal in the corporate debtor's name. An appeal instituted by such a director is incompetent from inception, not merely defective. The Code's limitation scheme permits only the prescribed filing period and a limited condonable extension, so an incompetent appeal cannot be cured by later amendment of the cause title after limitation has expired. The appeal in the corporate debtor's name was therefore not maintainable and was rightly dismissed. en-us Fri, 10 Apr 2026 00:00:00 +0530 Wed, 15 Apr 2026 09:05:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789808 Once an interim resolution professional is appointed under the Insolvency and Bankruptcy Code, management of the corporate debtor vests in that professional, and a suspended director has no authority to file an appeal in the corporate debtor's name. An appeal instituted by such a director is incompetent from inception, not merely defective. The Code's limitation scheme permits only the prescribed filing period and a limited condonable extension, so an incompetent appeal cannot be cured by later amendment of the cause title after limitation has expired. The appeal in the corporate debtor's name was therefore not maintainable and was rightly dismissed. Case-Laws IBC Fri, 10 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789808