https://www.taxtmi.com/caselaws?id=302219 The tribunal ruled that it lacked the power to recall the admission order under the Insolvency and Bankruptcy Code, advising the Corporate Debtor to seek relief through the appropriate forum. It emphasized the importance of timely raising jurisdictional issues and deemed the applications not maintainable due to lack of notice and failure to act diligently by the Corporate Debtor. The Financial Creditor's counter arguments regarding notice service and jurisdictional claims were acknowledged, ultimately leading to the dismissal of the applications. en-us Tue, 26 May 2020 00:00:00 +0530 Wed, 11 May 2022 08:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302219 The tribunal ruled that it lacked the power to recall the admission order under the Insolvency and Bankruptcy Code, advising the Corporate Debtor to seek relief through the appropriate forum. It emphasized the importance of timely raising jurisdictional issues and deemed the applications not maintainable due to lack of notice and failure to act diligently by the Corporate Debtor. The Financial Creditor's counter arguments regarding notice service and jurisdictional claims were acknowledged, ultimately leading to the dismissal of the applications. Case-Laws Insolvency and Bankruptcy Tue, 26 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302219