VIJAY KUMAR JAIN vs STANDARD CHARTERED BANK

The Supreme Court addressed the rights of suspended Board members under the Insolvency and Bankruptcy Code, 2016, specifically Sections 21, 24, 25, 29, and 31. The Court held that while suspended directors have the right to attend meetings of the Committee of Creditors (CoC), they do not have an automatic right to access confidential documents such as resolution plans. The appeal was dismissed, affirming the Appellate Tribunal's decision that denied access to certain documents while recognizing the right to participate in meetings.