Insolvency Appeal by Suspended Director in Company’s Name Is ‘Wholly Incompetent’: Supreme Court

The Supreme Court of India has ruled that once an Interim Resolution Professional (IRP) is appointed under the Insolvency and Bankruptcy Code, 2016 (IBC), the management of a corporate debtor vests in the IRP, making it incompetent for a suspended director to file an appeal in the name of the company. A Bench comprising Justice

To Read More Please Subscribe to VIP Membership for Unlimited Access to All the Articles, Download Available Copies of Judgments/Order, Acess to Central/State Bare Acts, Advertisement Free Content, Access to More than 4000 Legal Drafts( Readymade Editable Formats of Suits, Petitions, Writs, Legal Notices, Divorce Petitions, 138 Notices, Bail Applications etc.) in Hindi and English.

Click to Subscribe

If you are already a VIP Member, Click to Login Now