https://www.taxtmi.com/caselaws?id=794644 The Tribunal considered whether personal observations and consequential directions in an earlier judgment should be expunged in exercise of its inherent powers. It held that the earlier findings on the legality of the CIRP, the composition of the CoC, and the approval process had already attained finality and could not be reopened. The only surviving issue was the adverse remarks against the erstwhile resolution professional. Because the case arose in an unusual statutory setting, with no financial creditors and a CoC consisting only of an operational creditor who later became the resolution applicant, the omission was treated as a misunderstanding of the CIRP Regulations rather than misconduct. The strictures and related directions were therefore expunged. en-us Mon, 06 Jul 2026 00:00:00 +0530 Thu, 09 Jul 2026 08:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794644 The Tribunal considered whether personal observations and consequential directions in an earlier judgment should be expunged in exercise of its inherent powers. It held that the earlier findings on the legality of the CIRP, the composition of the CoC, and the approval process had already attained finality and could not be reopened. The only surviving issue was the adverse remarks against the erstwhile resolution professional. Because the case arose in an unusual statutory setting, with no financial creditors and a CoC consisting only of an operational creditor who later became the resolution applicant, the omission was treated as a misunderstanding of the CIRP Regulations rather than misconduct. The strictures and related directions were therefore expunged. Case-Laws IBC Mon, 06 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794644