https://www.taxtmi.com/caselaws?id=461873 A review application before the Appellate Tribunal cannot be used to reargue the matter on merits, and grounds that merely seek reconsideration are impermissible. On the facts, respondent no. 3 was neither a necessary nor a proper party to the recovery proceedings because there was no privity of contract with the Bank, no financial assistance was advanced to him, no default was attributed to him, and he was not proceeded against by the Bank. The cited Supreme Court authority was held inapplicable on those facts, and the review challenge failed. en-us Tue, 29 May 2012 00:00:00 +0530 Mon, 05 May 2025 18:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461873 A review application before the Appellate Tribunal cannot be used to reargue the matter on merits, and grounds that merely seek reconsideration are impermissible. On the facts, respondent no. 3 was neither a necessary nor a proper party to the recovery proceedings because there was no privity of contract with the Bank, no financial assistance was advanced to him, no default was attributed to him, and he was not proceeded against by the Bank. The cited Supreme Court authority was held inapplicable on those facts, and the review challenge failed. Case-Laws Companies Law Tue, 29 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461873