https://www.taxtmi.com/caselaws?id=287231 The Tribunal dismissed the Corporate Debtor's application seeking restoration of the Company Petition and setting aside the ex-parte CIRP order. The Tribunal emphasized the importance of complying with statutory requirements, particularly regarding the address change notification to the Registrar of Companies. It clarified that the Tribunal lacks the power to review or recall final orders under the IBC, 2016, except for procedural defects or fraud. The Corporate Debtor's failure to update its address was deemed its responsibility, and the application was considered an attempt to delay the CIRP process, leading to its dismissal with a cost imposed. en-us Fri, 07 Jun 2019 00:00:00 +0530 Wed, 28 Oct 2020 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287231 The Tribunal dismissed the Corporate Debtor's application seeking restoration of the Company Petition and setting aside the ex-parte CIRP order. The Tribunal emphasized the importance of complying with statutory requirements, particularly regarding the address change notification to the Registrar of Companies. It clarified that the Tribunal lacks the power to review or recall final orders under the IBC, 2016, except for procedural defects or fraud. The Corporate Debtor's failure to update its address was deemed its responsibility, and the application was considered an attempt to delay the CIRP process, leading to its dismissal with a cost imposed. Case-Laws Companies Law Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287231