https://www.taxtmi.com/caselaws?id=419541 An ex-parte insolvency admission order may be recalled under Rule 49(2) of the National Company Law Tribunal Rules, 2016 where the respondent shows that notice was not duly served or that sufficient cause prevented appearance. The rule confers recall power in such cases and does not amount to a barred review. The constitution of the Committee of Creditors does not prevent recall on this ground where the recall application was moved before that stage and the challenge concerns non-service of notice, not withdrawal under Section 12A of the Insolvency and Bankruptcy Code, 2016. The refusal to recall was therefore set aside and the matter restored for fresh hearing. en-us Thu, 10 Mar 2022 00:00:00 +0530 Mon, 14 Mar 2022 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419541 An ex-parte insolvency admission order may be recalled under Rule 49(2) of the National Company Law Tribunal Rules, 2016 where the respondent shows that notice was not duly served or that sufficient cause prevented appearance. The rule confers recall power in such cases and does not amount to a barred review. The constitution of the Committee of Creditors does not prevent recall on this ground where the recall application was moved before that stage and the challenge concerns non-service of notice, not withdrawal under Section 12A of the Insolvency and Bankruptcy Code, 2016. The refusal to recall was therefore set aside and the matter restored for fresh hearing. Case-Laws Insolvency and Bankruptcy Thu, 10 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419541