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2020 (1) TMI 1259 - NATIONAL COMPANY LAW TRIBUNAL , CUTTACK BENCHReview/recall of the order - Section 60 (5) of IBC, 2016 and read with Rule 11 of the NCLT Rules, 2016 - HELD THAT:- There is no specific power to review its own order. This Adjudicating Authority passed an Order dated 25th June, 2019. The applicant herein has not filed any appeal before Hon'ble NCLAT against this Order. However, the applicant had filed an interim application bearing IA (IB) No. 96019/2019 in Civil Appeal No. 3169 of 2019. Since, the applicant withdrew the main Civil Appeal, this interim application is also closed. The Hon'ble Supreme Court and Hon'ble NCLAT has time and again clearly held and also under the provisions of IBC, 2016 that there is no provisions under the IBC, 2016 nor under the NCLT Rules to review its own order. Hence, the Order of the Hon'ble Supreme Court dated 29th July, 2019 cannot be interpreted as a direction given to this Adjudicating Authority to review the Order. Since, there is no provisions under the Act, Rules of Insolvency and Bankruptcy Code, 2016, nor any judgments precedents, this application for review/recall is not maintainable - application dismissed.
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