NCLT cannot review its judgment but it can recall on sufficient grounds: NCLAT

Union Bank of India (Erstwhile Corporation Bank) Vs Dinkar T. Venkatasubramanian & Ors. (NCLAT Delhi) I. Brief Background The corporate insolvency resolution process was initiated against Amtek Auto Ltd., a corporate debtor, by a financial creditor (FC). The Committee of Creditors (CoC) approved a resolution plan with the required majority vote, and the resolution professional’s plan was subsequently approved by the Adjudicating Authority (AA). However, the AA rejected the reliefs requested by the FC in the interlocutory application (IA). The FC appealed the AA’s order to the N...