SC: Suit Alleging Coercion or Undue Influence Cannot be Rejected under Order VII Rule 11 CPC  ||  Cal HC: Once ED Attachment is Confirmed, Challenge Becomes Academic; PMLA Remedy Must be Pursued  ||  MP HC: Pen-Drive Evidence Cannot be Introduced At a Late Trial Stage Without Proof or Relevance  ||  Calcutta HC: Employee Can't be Stopped From Joining Rival Post-Resignation; Trade Secrets Protected  ||  Calcutta HC: Banks Must Provide Forensic Audit Report Before Calling an Account Fraudulent  ||  Del HC: Woman Cannot Demand Re-Entry to Abandoned Matrimonial Home if Alternate Accommodation Exists  ||  Calcutta HC: Land Acquisition For Industrial Park is Public Purpose; Leasing to Industry is Valid  ||  Patna HC: PwD Recruitment Must Comply With RPwD Act; Executive Resolutions Cannot Override the Law  ||  Madras HC: Individuals Facing Criminal Trial Must Get Court Permission Even to Renew Passports  ||  Calcutta HC: Demolition Orders Cannot be Challenged under Article 226 if a Statutory Appeal Exists    

NCLAT: Superseded Director Not Entitled to Notice of CoC Meeting - (31 Jan 2022)

BANKING

National Company Law Appellate Tribunal has held that there exists a difference between supersession of Directors under the Reserve Bank of India Act, 1934 and suspension of Directors under the Insolvency and Bankruptcy Code, 2016 and that a superseded director who vacated office on supersession of Board under the RBI Act is not entitled to the notice of Committee of Creditors meeting and has no right to participate in the meeting.

Tags : NATIONAL COMPANY LAW APPELLATE TRIBUNAL   SUPERSEDED DIRECTOR  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved