Case Law Analysis
|National Company Law Appellate Tribunal
IBC | Post-Resolution Perjury Applications Are Abuse of Process; NCLAT Imposes Costs on Suspended Director : NCLAT
NCLAT bars challenges to approved resolution plans through frivolous perjury claims, imposing Rs. 25,000 costs on suspended directors attempting to reopen settled insolvency proceedings. The ruling reinforces finality in IBC resolutions and deters abuse of judicial process.