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 re

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