Order cannot be recalled on basis of overruling of earlier Judgment: NCLAT

Raghavendra G. Kundangar Vs Shashi Agarwal (NCLAT Delhi) Conclusion: In present facts of the case, the Hon’ble NCLAT held that Order passed by the Adjudicating Authority cannot be recalled on basis of overruling of the earlier Judgment. Otherwise, the litigation would never come to an end. Facts: In present facts of the case, the Appeal was filed against the Order of the NCLT, Kolkata, wherein the Appellants preferred this Appeal who were claiming to be the shareholders of the Corporate Debtor. The Respondent No. 2 claiming to be Financial Creditor filed an Application under Section 7 of Ins...