https://www.taxtmi.com/caselaws?id=424805 Section 60(5) cannot be used to review or recall a final admission order after it has attained finality and the appeal period has expired. The Tribunal treated the suspended director's application as an impermissible attempt to reopen concluded proceedings and rejected it. It also held that the Committee of Creditors' unanimous decision to issue the expression of interest and appoint the support service provider fell within commercial wisdom, so no judicial interference was warranted absent legal infirmity. The challenge was also considered belated. The application was dismissed in full. en-us Thu, 30 Jun 2022 00:00:00 +0530 Sat, 09 Jul 2022 08:01:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424805 Section 60(5) cannot be used to review or recall a final admission order after it has attained finality and the appeal period has expired. The Tribunal treated the suspended director's application as an impermissible attempt to reopen concluded proceedings and rejected it. It also held that the Committee of Creditors' unanimous decision to issue the expression of interest and appoint the support service provider fell within commercial wisdom, so no judicial interference was warranted absent legal infirmity. The challenge was also considered belated. The application was dismissed in full. Case-Laws Insolvency and Bankruptcy Thu, 30 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424805