https://www.taxtmi.com/caselaws?id=753099 Rule 49(2) of the National Company Law Tribunal Rules, 2016 permits recall of an ex parte proceeding only if notice was not duly served or the respondent was prevented by sufficient cause from appearing. As notice of the section 7 proceedings had been served on the corporate debtor, and counsel's appearance without a vakalatnama did not establish sufficient cause, the recall request could not be maintained. The admission order had also been passed on merits after consideration of debt and default, and there was no effective challenge to those findings. The rejection of recall was therefore upheld. en-us Tue, 21 May 2024 00:00:00 +0530 Fri, 24 May 2024 21:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753099 Rule 49(2) of the National Company Law Tribunal Rules, 2016 permits recall of an ex parte proceeding only if notice was not duly served or the respondent was prevented by sufficient cause from appearing. As notice of the section 7 proceedings had been served on the corporate debtor, and counsel's appearance without a vakalatnama did not establish sufficient cause, the recall request could not be maintained. The admission order had also been passed on merits after consideration of debt and default, and there was no effective challenge to those findings. The rejection of recall was therefore upheld. Case-Laws Insolvency and Bankruptcy Tue, 21 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753099