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2024 (4) TMI 573

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..... is not accorded to, by this Tribunal, based on the facts and surrounding circumstances of the case, which float on the surface - HELD THAT:- The appellant T. Johnson, who was a Director of the company under liquidation had earlier submitted a proposal during the Corporate Insolvency Resolution Process, which upon consideration, was not accepted - at this stage, he should not be allowed and permitt .....

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..... tice in the present appeal, as we feel remand to the NCLAT would serve no purpose and would be a futile exercise. The appellant T. Johnson, who was a Director of the company under liquidation had earlier submitted a proposal during the Corporate Insolvency Resolution Process, which upon consideration, was not accepted. We do not think at this stage, he should be allowed and permitted to raise or p .....

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