2023 (9) TMI 1698 - AT - IBC

Recalling of order - Rule 11 of the NCLAT Rules 2016 - HELD THAT - As a matter of fact in the garb of this application the Applicant is trying to re-argue the matter which is not permissible because the power of review does not vest with this Tribunal as it is not provided in the Code. The present application is hereby dismissed.

Summary

The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, in an order dated 29.03.2023, dismissed the application filed under Rule 11 of the NCLAT Rules, 2016 seeking recall of the said order. The Tribunal held that "the power of review does not vest with this Tribunal as it is not provided in the Code," and therefore, the application was an impermissible attempt to re-argue the matter. Consequently, the application was dismissed.