Rejection of Resolution Plan by Suspended Director cannot be Interfered in Absence of Expression of Interest: NCLAT

The NCLAT ruled that the rejection of a resolution plan by a suspended director cannot be interfered with in the absence of an expression of interest. This decision highlights the importance of active participation in insolvency proceedings. It ensures that decisions are based on proper submissions. This ruling underscores the need for clear guidelines on resolution plans. It emphasizes the importance of procedural compliance. The NCLAT's order reinforces legal procedures.