SVLDR: Designated Committee cannot revisit the issue after determination 

GT Holidays Private Limited Vs Designated Committee (Madras High Court) Designated Committee cannot revisit the issue if once made the determination under Section 127(4) r/w. Rule 6 of the SVLDR Scheme Rules, 2019 Conclusion:  If during the verification process contemplated by Rule 6, if the designated committee finds that the applicant is not eligible to make a declaration under Section 125 of the Act, the declaration ought to be returned or rejected at that stage itself. Having moved to the next stage, the designated committee cannot retrace its steps. It cannot revisit the issue on merits,...