https://www.taxtmi.com/caselaws?id=398682 The Review Application in the case was dismissed as the Tribunal held that the application under Section 7 of the Insolvency and Bankruptcy Code was filed within the limitation period based on an acknowledgment. The Tribunal clarified that the power to review decisions is not inherent and must be expressly provided by law, citing various Supreme Court decisions. Since there was no express provision for review under the NCLAT Rules, the Review Applicant was advised to approach the Supreme Court against the judgment. en-us Thu, 17 Sep 2020 00:00:00 +0530 Sat, 30 Jan 2021 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398682 The Review Application in the case was dismissed as the Tribunal held that the application under Section 7 of the Insolvency and Bankruptcy Code was filed within the limitation period based on an acknowledgment. The Tribunal clarified that the power to review decisions is not inherent and must be expressly provided by law, citing various Supreme Court decisions. Since there was no express provision for review under the NCLAT Rules, the Review Applicant was advised to approach the Supreme Court against the judgment. Case-Laws Insolvency and Bankruptcy Thu, 17 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398682