Legal update
Published
21 Sept 2026
Source date
21 Sept 2026
Suspended directors must furnish confidentiality undertaking to access resolution plan: NCLAT
Why it matters
The National Company Law Appellate Tribunal has held that a resolution professional can require suspended directors to provide a confidentiality undertaking to access a resolution plan.
Key points
- The National Company Law Appellate Tribunal ruled on access to resolution plans by suspended directors.
- A resolution professional may ask suspended directors to submit a confidentiality undertaking before providing access to the resolution plan.
What changed
Resolution professionals are permitted to require suspended directors to execute a confidentiality undertaking before sharing resolution plans with them.
Who it affects
Suspended directors of corporate debtors and resolution professionals in insolvency proceedings.
Jurisdiction
India
Sources and original links
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