NCLAT Sets Aside NCLT Order Allowing Suspended Director to Pursue Settlement Amid Plan Approval Proceedings

Nehru Place Hotels And Real Estates Private Limited Vs Sanjeev Mahajan (NCLAT)

In a recent development, the National Company Law Appellate Tribunal (NCLAT) in Delhi has overturned an order issued by the National Company Law Tribunal (NCLT), New Delhi, permitting a suspended director to engage in settlement discussions while the approval process for a resolution plan was underway. The case, titled Nehru Place Hotels And Real Estates Private Limited Vs Sanjeev Mahajan, saw the NCLAT delving into complex procedural matters surr

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