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Corporate Law

Suspended Director Cannot Dispute Debt After Invoking Insolvency on Same Default

Case Law Details

Case Name
Rakeshkumar Hariram Agarwal Vs State Bank of India & Ors. (NCLAT Delhi)
Date of Judgement/Order
Only available for paid members
Courts
NCLAT
Advertisement Rakeshkumar Hariram Agarwal Vs State Bank of India & Ors. (NCLAT Delhi) The National Company Law Appellate Tribunal, Delhi Bench, dismissed a batch of appeals filed by a suspended director challenging orders of the Adjudicating Authority that upheld the admission of State Bank of India’s claim and rejected objections raised against it. The appeals arose from proceedings in which the Corporate Debtor itself had initiated insolvency under Section 10 of the Insolvency and Bankruptcy Code, 2016. The Section 10 application was admitted on 09.09.2025. In the application, the s...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,853

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