https://www.taxtmi.com/caselaws?id=407298 The NCLT held that it had no jurisdiction to review, recall, or quash its final admission and resolution-plan approval orders once they had attained finality. It found that neither section 60(5) of the Insolvency and Bankruptcy Code nor Rule 11 of the NCLT Rules confers an inherent power to reopen such concluded proceedings, and that review is available only where expressly provided by statute. The application was therefore beyond jurisdiction, not maintainable, and rejected. en-us Tue, 27 Apr 2021 00:00:00 +0530 Thu, 06 May 2021 08:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407298 The NCLT held that it had no jurisdiction to review, recall, or quash its final admission and resolution-plan approval orders once they had attained finality. It found that neither section 60(5) of the Insolvency and Bankruptcy Code nor Rule 11 of the NCLT Rules confers an inherent power to reopen such concluded proceedings, and that review is available only where expressly provided by statute. The application was therefore beyond jurisdiction, not maintainable, and rejected. Case-Laws Insolvency and Bankruptcy Tue, 27 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407298