NCLAT dismissed the appeal involving a dispute over director's ...

Director's Compensation Claim Rejected: No Additional Remuneration Without Board Resolution and Insufficient Substantive Evidence

May 9, 2025

Case Laws IBC AT

NCLAT dismissed the appeal involving a dispute over director's emoluments. The Appellant, initially appointed as CFO and subsequently designated as Whole-Time Director, was terminated from employment. The Tribunal held that no separate remuneration was payable for the director role, as there was no board resolution approving additional compensation. The pre-existing contractual dispute was deemed non-maintainable under the Code, with all terminal benefits already paid. The Appellant failed to substantiate claims for continued emoluments after relinquishing the CFO position, resulting in the appeal's dismissal based on lack of documentary evidence and procedural requirements.

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NCLAT dismissed the appeal involving a dispute over director's ...

Director's Compensation Claim Rejected: No Additional Remuneration Without Board Resolution and Insufficient Substantive Evidence

May 9, 2025

Case Laws IBC AT

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