https://www.taxtmi.com/caselaws?id=416856 An insolvency admission order cannot be recalled merely on allegations of error or limitation; recall is available only where fraud or deliberate deception is clearly shown, and that exception was not established here. The admission order had already been affirmed on appeal, so the Tribunal treated it as merged in the appellate decision and refused to reopen the limitation objection in recall proceedings. A liquidation order will not be interfered with absent demonstrated material irregularity; where no resolution plan was received, the committee of creditors resolved to liquidate, and no specific procedural or substantive defect was shown, the liquidation direction was sustained. en-us Fri, 07 Jan 2022 00:00:00 +0530 Tue, 01 Mar 2022 19:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416856 An insolvency admission order cannot be recalled merely on allegations of error or limitation; recall is available only where fraud or deliberate deception is clearly shown, and that exception was not established here. The admission order had already been affirmed on appeal, so the Tribunal treated it as merged in the appellate decision and refused to reopen the limitation objection in recall proceedings. A liquidation order will not be interfered with absent demonstrated material irregularity; where no resolution plan was received, the committee of creditors resolved to liquidate, and no specific procedural or substantive defect was shown, the liquidation direction was sustained. Case-Laws Insolvency and Bankruptcy Fri, 07 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416856