Hard To Believe Corporate Debtor Who Invested ₹5.5 Crore Was Unaware Of CIRP': NCLAT Refuses To Expunge Adverse Remarks Against Suspended Directors

The NCLAT has refused to expunge adverse remarks against suspended directors, stating it is "hard to believe investors of ₹5.5 crore were unaware of CIRP or liquidation." The tribunal's decision highlights the importance of due diligence by investors. The ruling sends a strong message that the tribunal will not entertain a plea from investors who claim ignorance of the insolvency process.