March 14, 2026
Submitted By: Vaibhav Tripathi
Mr. Mukund Choudhary & Anr. Vs. Mr. Subhash Kumar Kundra (Resolution Professional for CLC Industries Ltd.) Company Appeal (AT) (Insolvency) No. 452 of 2021
The primary legal question was whether the suspended directors of a Corporate Debtor (a company undergoing insolvency) are legally obligated to sign the company’s financial statements during the Corporate Insolvency Resolution Process (CIRP).
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