https://www.taxtmi.com/caselaws?id=428825 The NCLAT's inherent powers under Rule 11 cannot be used to recall, review, or materially modify a final order where the Insolvency and Bankruptcy Code, 2016 does not confer such jurisdiction. The Tribunal noted that the statutory appellate scheme under Section 61 provides the appeal route within the Code, while Section 62 provides an appeal to the Supreme Court on questions of law, and these provisions do not authorise the Appellate Tribunal to unsettle a concluded decision. Inherent powers remain limited and cannot override express statutory restrictions. Accordingly, the request to recall or substantially alter the final order was rejected. en-us Tue, 11 Oct 2022 00:00:00 +0530 Wed, 12 Oct 2022 09:54:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428825 The NCLAT's inherent powers under Rule 11 cannot be used to recall, review, or materially modify a final order where the Insolvency and Bankruptcy Code, 2016 does not confer such jurisdiction. The Tribunal noted that the statutory appellate scheme under Section 61 provides the appeal route within the Code, while Section 62 provides an appeal to the Supreme Court on questions of law, and these provisions do not authorise the Appellate Tribunal to unsettle a concluded decision. Inherent powers remain limited and cannot override express statutory restrictions. Accordingly, the request to recall or substantially alter the final order was rejected. Case-Laws Insolvency and Bankruptcy Tue, 11 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428825