https://www.taxtmi.com/caselaws?id=767245 A recall application against an appellate order vacating interim protection and dismissing the appeal was held not maintainable. The Tribunal stated that appellate tribunals do not generally possess an unrestricted power of recall, and Section 151 of the Code of Civil Procedure was not available on the facts. It also held that a shareholder could not be substituted for a suspended director, because their legal statuses are distinct and the shareholder could not assume the director's role in the insolvency proceedings. The earlier order was left undisturbed and the challenge failed. en-us Fri, 07 Mar 2025 00:00:00 +0530 Thu, 13 Mar 2025 08:35:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767245 A recall application against an appellate order vacating interim protection and dismissing the appeal was held not maintainable. The Tribunal stated that appellate tribunals do not generally possess an unrestricted power of recall, and Section 151 of the Code of Civil Procedure was not available on the facts. It also held that a shareholder could not be substituted for a suspended director, because their legal statuses are distinct and the shareholder could not assume the director's role in the insolvency proceedings. The earlier order was left undisturbed and the challenge failed. Case-Laws IBC Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767245