https://www.taxtmi.com/caselaws?id=407663 An application seeking recall of an earlier NCLT order was held not maintainable where that order had already been carried in appeal, affirmed by the appellate forum, and the further challenge had failed before the Supreme Court. The earlier order was treated as having merged in the appellate order and therefore no longer had an independent existence. The Tribunal also stated that it had no statutory power to review or recall its own order under section 60(5) of the Insolvency and Bankruptcy Code, 2016 or Rule 11 of the NCLT Rules, 2016, and that review could not be used as a substitute for appeal. The application was rejected for lack of jurisdiction. en-us Mon, 26 Apr 2021 00:00:00 +0530 Tue, 18 May 2021 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407663 An application seeking recall of an earlier NCLT order was held not maintainable where that order had already been carried in appeal, affirmed by the appellate forum, and the further challenge had failed before the Supreme Court. The earlier order was treated as having merged in the appellate order and therefore no longer had an independent existence. The Tribunal also stated that it had no statutory power to review or recall its own order under section 60(5) of the Insolvency and Bankruptcy Code, 2016 or Rule 11 of the NCLT Rules, 2016, and that review could not be used as a substitute for appeal. The application was rejected for lack of jurisdiction. Case-Laws Companies Law Mon, 26 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407663