https://www.taxtmi.com/caselaws?id=406774 An application before the NCLT cannot be used to review or recall a Section 7 admission order on limitation grounds where the order is already concluded and the CIRP has progressed, including liquidation. The Tribunal treated the plea under Article 137 of the Limitation Act as an attempt to reopen its own earlier admission order and held that the proper remedy was an appeal to the NCLAT, not a recall application before the same forum. No basis was found to invoke Section 60(5) of the Insolvency and Bankruptcy Code, Rule 11 of the NCLT Rules, or Section 420 of the Companies Act to undo the admission order, and the application was dismissed as not maintainable. en-us Tue, 30 Mar 2021 00:00:00 +0530 Fri, 23 Apr 2021 21:03:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406774 An application before the NCLT cannot be used to review or recall a Section 7 admission order on limitation grounds where the order is already concluded and the CIRP has progressed, including liquidation. The Tribunal treated the plea under Article 137 of the Limitation Act as an attempt to reopen its own earlier admission order and held that the proper remedy was an appeal to the NCLAT, not a recall application before the same forum. No basis was found to invoke Section 60(5) of the Insolvency and Bankruptcy Code, Rule 11 of the NCLT Rules, or Section 420 of the Companies Act to undo the admission order, and the application was dismissed as not maintainable. Case-Laws Insolvency and Bankruptcy Tue, 30 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406774