NCLAT Chennai Orders Re-adjudication for Suspended Director of GK Steel

K. Narayanasamy Vs J. Karthiga (NCLAT Chennai) Introduction: K. Narayanasamy, the suspended director of M/s GK Steel and Allied Industries Limited, appealed against the order passed by the National Company Law Tribunal (NCLT) in an application (IA No. 693/2020). The NCLT dismissed the application, prompting the appellant to approach the National Company Law Appellate Tribunal (NCLAT) seeking relief under Section 61 of the Insolvency and Bankruptcy Code, 2016. Analysis: The NCLAT found that the impugned order passed by the NCLT was a non-speaking order, as it did not disclose the reasons for di...