https://www.taxtmi.com/caselaws?id=290980 The Tribunal dismissed the application for recalling the order of admission, upholding that the Corporate Debtor, despite being an NBFC, was not exempt from CIRP as it did not perform financial services as defined under the Code. The Tribunal found no grounds to review or recall its own order, emphasizing that the issue had already been adjudicated and upheld by the Appellate Tribunal. The application was deemed an abuse of the process of the Code and was dismissed with no order as to costs. en-us Thu, 02 Jan 2020 00:00:00 +0530 Fri, 23 Oct 2020 14:07:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290980 The Tribunal dismissed the application for recalling the order of admission, upholding that the Corporate Debtor, despite being an NBFC, was not exempt from CIRP as it did not perform financial services as defined under the Code. The Tribunal found no grounds to review or recall its own order, emphasizing that the issue had already been adjudicated and upheld by the Appellate Tribunal. The application was deemed an abuse of the process of the Code and was dismissed with no order as to costs. Case-Laws Insolvency and Bankruptcy Thu, 02 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290980