NCLAT Dismisses AS Infracon Director's Insolvency Appeal

NCLAT upheld NCLT's order admitting SIDBI's Section 7 insolvency petition against corporate guarantor AS Infracon Pvt Ltd.
Appellant director's natural justice claim rejected due to corporate debtor's failure to maintain functional registered office.
Tribunal found the application within limitation due to OTS proposals constituting debt acknowledgment under guarantee deed.
No bona fide defense on debt merits found; CIRP against corporate guarantor to continue.