Tribunal Upholds Lack of Jurisdiction to Recall Admission Order, Disagrees on Other Findings and Costs in CIRP Case.

Tribunal Upholds Lack of Jurisdiction to Recall Admission Order, Disagrees on Other Findings and Costs in CIRP Case. https://www.taxtmi.com/highlights?id=52134 Recall the Order of admission - There are no fault with the Impugned Order of Adjudicating Authority where it observed that it does not have jurisdiction to recall its Order of admission but do not agree with its other findings referred earlier and imposing of costs. However, this Tribunal has jurisdiction in Appeal to consider whether initiation of CIRP process against the Corporate Debtor is legal or not. - AT en-us Wed, 04 Mar 2020 12:35:01 +0530 Wed, 04 Mar 2020 12:35:01 +0530 TaxTMI RSS Generator Tribunal Upholds Lack of Jurisdiction to Recall Admission Order, Disagrees on Other Findings and Costs in CIRP Case. https://www.taxtmi.com/highlights?id=52134 Recall the Order of admission - There are no fault with the Impugned Order of Adjudicating Authority where it observed that it does not have jurisdiction to recall its Order of admission but do not agree with its other findings referred earlier and imposing of costs. However, this Tribunal has jurisdiction in Appeal to consider whether initiation of CIRP process against the Corporate Debtor is legal or not. - AT Highlights Insolvency and Bankruptcy Wed, 04 Mar 2020 12:35:01 +0530 https://www.taxtmi.com/highlights?id=52134