<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>2025 (11) TMI 1560 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL AT CHENNAI</title>
    <link>https://www.taxtmi.com/caselaws?id=782092</link>
    <description>The NCLAT held that an application for recall cannot be used to enforce a compromise order or avoid execution proceedings. Recall is limited to correcting orders passed due to inadvertent errors by the Tribunal or parties, and cannot be invoked against a final consent order, especially one induced and accepted by the applicant. The appellant&#039;s attempt to restore the company petition under Rule 11 of the NCLT Rules, citing non-compliance with the compromise dated 25.09.2018 and subsequent compromise on 10.12.2019, was found untenable. The Tribunal concluded that the appeal was a misuse of process and dismissed it.</description>
    <language>en-us</language>
    <pubDate>Thu, 20 Nov 2025 00:00:00 +0530</pubDate>
    <lastBuildDate>Tue, 25 Nov 2025 08:55:39 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=866987" rel="self" type="application/rss+xml"/>
    <item>
      <title>2025 (11) TMI 1560 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL AT CHENNAI</title>
      <link>https://www.taxtmi.com/caselaws?id=782092</link>
      <description>The NCLAT held that an application for recall cannot be used to enforce a compromise order or avoid execution proceedings. Recall is limited to correcting orders passed due to inadvertent errors by the Tribunal or parties, and cannot be invoked against a final consent order, especially one induced and accepted by the applicant. The appellant&#039;s attempt to restore the company petition under Rule 11 of the NCLT Rules, citing non-compliance with the compromise dated 25.09.2018 and subsequent compromise on 10.12.2019, was found untenable. The Tribunal concluded that the appeal was a misuse of process and dismissed it.</description>
      <category>Case-Laws</category>
      <law>IBC</law>
      <pubDate>Thu, 20 Nov 2025 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/caselaws?id=782092</guid>
    </item>
  </channel>
</rss>