NSL Nagapatnam Director's NCLAT Appeal Dismissed with Costs

NCLAT upheld NCLT's order dismissing appeals by NSL Nagapatnam's suspended director challenging his representative's exclusion from a critical creditors' meeting.
The tribunal found the Resolution Professional's insistence on written authorization and a confidentiality undertaking for the 20th CoC meeting was justified and legally sustainable.
The approved resolution plan by Rungta Mines Ltd. was implemented, with the appellate tribunal affirming the Adjudicating Authority's imposition of ₹2 lakh costs on the appellant for delay tactics.