NCLAT Dismisses Tuljabhavani Director's Perjury Appeal

NCLAT upholds NCLT order dismissing suspended director's perjury application against the resolution professional as frivolous.
Appellant sought to initiate proceedings over RP's reply affidavit in a separate application challenging the approved resolution plan.
Tribunal imposed a cost of ₹25,000 on the director for filing multiple applications to delay proceedings.
The approved resolution plan for Tuljabhavani Cold Storage was implemented and never challenged by the director.