https://www.taxtmi.com/caselaws?id=287218 The appeal challenging the initiation of Corporate Insolvency Resolution Process was dismissed by the Tribunal. The Adjudicating Authority's decision to reject the recall of the admission order under Section 9 of the I&B Code was upheld, emphasizing the lack of power to recall or dismiss the Company Petition post-admission. The Appellant's status as an investor did not grant the right to challenge the admission order, and the absence of review or recall powers led to the dismissal of the appeal. The Appellant was directed to file its claim before the Insolvency Resolution Professional despite the outcome. en-us Thu, 30 Nov 2017 00:00:00 +0530 Sat, 04 Apr 2020 09:54:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287218 The appeal challenging the initiation of Corporate Insolvency Resolution Process was dismissed by the Tribunal. The Adjudicating Authority's decision to reject the recall of the admission order under Section 9 of the I&B Code was upheld, emphasizing the lack of power to recall or dismiss the Company Petition post-admission. The Appellant's status as an investor did not grant the right to challenge the admission order, and the absence of review or recall powers led to the dismissal of the appeal. The Appellant was directed to file its claim before the Insolvency Resolution Professional despite the outcome. Case-Laws Insolvency and Bankruptcy Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287218