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2017 (11) TMI 1858 - AT - Insolvency and BankruptcyRecall of order - Power of Adjudicating authority to recall of order - Admissibility of application - initiation of CIRP - Initiation by the ‘Operational Creditor’ in collusion with the Directors - Section 9 of the ‘I&B Code’ - HELD THAT:- Admittedly, the Appellant is an Investor therefore, the Appellant cannot claim to be an ‘aggrieved person’ for preferring appeal against the order dated 2nd May, 2017 passed by Adjudicating Authority whereby the application under Section 9 of the ‘I&B Code’ was admitted. In fact, the Appellant being an investor is entitled to file its claim before the ‘Insolvency Resolution Professional. In absence of any power of review or recall vested with the Adjudicating Authority, we hold that the Adjudicating Authority rightly refused to recall the order of admission dated 2nd May, 2017. Appeal dismissed.
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