https://www.taxtmi.com/caselaws?id=402523 The Tribunal rejected the Interlocutory Application seeking rectification of an order under Rule 154 of NCLT Rules, 2016. The respondents failed to demonstrate clerical or arithmetical mistakes justifying rectification, as required by the rule. The Tribunal clarified its limited power for rectification, emphasizing the need for errors to be apparent on the face of the record. Legal precedents were cited to support the restricted scope of rectification powers. Ultimately, the application was dismissed based on the lack of grounds for correction under Rule 154. en-us Thu, 20 Aug 2020 00:00:00 +0530 Tue, 05 Jan 2021 10:35:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402523 The Tribunal rejected the Interlocutory Application seeking rectification of an order under Rule 154 of NCLT Rules, 2016. The respondents failed to demonstrate clerical or arithmetical mistakes justifying rectification, as required by the rule. The Tribunal clarified its limited power for rectification, emphasizing the need for errors to be apparent on the face of the record. Legal precedents were cited to support the restricted scope of rectification powers. Ultimately, the application was dismissed based on the lack of grounds for correction under Rule 154. Case-Laws Companies Law Thu, 20 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402523