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IBC - Highlights / Catch Notes

Home Highlights February 2022 Year 2022 This

Liquidation of Corporate Debtor - No records reflects that the ...

Insolvency and Bankruptcy

February 2, 2022

Liquidation of Corporate Debtor - No records reflects that the Appellant has challenged his cancellation of DIN with any appropriate Authority. No board meeting in which he has participated since cessation of his vacation of office after DIN cancellation were produced before us. Hence, the Appellant is not part of the Suspended Board of Directors and he cannot challenge the decision of the CoC as Hon’ble Apex Court has made amply clear that the Commercial Wisdom of the CoC is non- justiciable. - AT

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