https://www.taxtmi.com/caselaws?id=308608 The review application seeking to revisit an order in a Company Appeal was found to be not maintainable by the Tribunal, despite permission granted by the Supreme Court. The absence of a specific provision for review in the Insolvency and Bankruptcy Code, 2016 rendered the application invalid, even with the invocation of Rule 11 of the NCLAT Rules, 2016 for inherent powers. The Appellant was advised to seek alternative legal recourse if unsatisfied with the original order, as the Tribunal emphasized the limitations imposed by the lack of a review provision in the Code. en-us Fri, 02 Sep 2022 00:00:00 +0530 Sat, 08 Jul 2023 07:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308608 The review application seeking to revisit an order in a Company Appeal was found to be not maintainable by the Tribunal, despite permission granted by the Supreme Court. The absence of a specific provision for review in the Insolvency and Bankruptcy Code, 2016 rendered the application invalid, even with the invocation of Rule 11 of the NCLAT Rules, 2016 for inherent powers. The Appellant was advised to seek alternative legal recourse if unsatisfied with the original order, as the Tribunal emphasized the limitations imposed by the lack of a review provision in the Code. Case-Laws Insolvency and Bankruptcy Fri, 02 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308608