2022 (10) TMI 326

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..... appellants are the erstwhile Promoters and therefore they cannot be continued to be in the Company in any capacity may be as shareholders as rightly observed by the NCLAT. The Appeal stands dismissed. - CIVIL APPEAL NO. 4654 OF 2022 - - - Dated:- 30-9-2022 - HON'BLE MR. JUSTICE M.R. SHAH AND HON'BLE MR. JUSTICE KRISHNA MURARI For Appellant(s) Mr. Harin P. Raval, Sr. Adv. Mr. S .....

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..... he same. As such, we are in complete agreement with the view taken by the National Company Law Tribunal [NCLT] as well as the NCLAT. If the submission on behalf of the appellants, as canvassed before the NCLAT and before this Court is accepted in that case, according to us, the Resolution Plan shall not be workable at all. At this stage, it is also required to be noted that the appellants are t .....

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