https://www.taxtmi.com/caselaws?id=389405 Section 420(2) of the Companies Act, 2013 permits only correction of a mistake apparent from the record, not reopening of a concluded order on the basis of fresh material. In the context of a demerger scheme under Sections 230(1), 232 and the relevant amalgamation rules, the Tribunal declined to revisit its earlier direction on compliance with Sections 131 and 128(1). The supplementary affidavit was treated as an impermissible attempt to secure a substantive review rather than a correction of error, especially since no apparent mistake was shown and the earlier order itself was not under challenge. The challenge to rejection of the review request therefore failed. en-us Thu, 05 Dec 2019 00:00:00 +0530 Fri, 06 Dec 2019 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389405 Section 420(2) of the Companies Act, 2013 permits only correction of a mistake apparent from the record, not reopening of a concluded order on the basis of fresh material. In the context of a demerger scheme under Sections 230(1), 232 and the relevant amalgamation rules, the Tribunal declined to revisit its earlier direction on compliance with Sections 131 and 128(1). The supplementary affidavit was treated as an impermissible attempt to secure a substantive review rather than a correction of error, especially since no apparent mistake was shown and the earlier order itself was not under challenge. The challenge to rejection of the review request therefore failed. Case-Laws Companies Law Thu, 05 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389405