Supreme Court Lays Down Principles Governing Joint Trials in Criminal Cases under CrPC and BNSS  ||  Karnataka HC: Person Joining Festivals of Another Religion Does Not Violate Rights  ||  Himachal Pradesh High Court: Recovery of Money without Proof of Demand Is Not Bribery  ||  Kerala HC: Cognizance Of Rape u/s 376B IPC Needs Complaint by Separated Wife, Not on Police Report  ||  J&K&L HC: Dealership & Lease Agreements Are Separate Contracts and Disputes Must Be Filed Separately  ||  Calcutta High Court: Unemployment Does Not Excuse Able-Bodied Husband from Maintaining His Wife  ||  Ker. HC: Violating the Procedure for Sampling Contraband u/s 53A of Abkari Act Vitiates Prosecution  ||  Delhi High Court: Students with Less Than 75% Attendance Cannot Contest DU Student Union Elections  ||  Delhi High Court: UGC Cannot Debar a University from PhD Admissions under UGC Act  ||  Delhi High Court: MCD's Higher Property Tax on Luxury Hotels Not Arbitrary    

Balaji Enterprise vs. Gammon India Limited And Ors. - (NATIONAL COMPANY LAW APPELLATE TRIBUNAL) (21 Feb 2023)

In the absence of a provision of review in the IBC, inherent powers provided under Rule 11 of the NCLAT Rules cannot be invoked for the purpose of filing a Review Application

MANU/NL/0133/2023

Insolvency

The Appellant/Applicant filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against the Respondent for initiation of the Corporate Insolvency Resolution Process ('CIRP') before the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench, Mumbai). The Applicant/Appellant has filed present Review Application, invoking Rule 11 of the NCLAT, Rules, 2016 read with Section 420(2) of the Companies Act, 2013.

Section 420(2) of Act pertains to the power of the Tribunal for rectification of the mistakes that too if the order passed by the Tribunal is not further appealed. Therefore, this provision is not applicable to the present case and does not create a right of review in any manner. In the absence of a provision of review in the Code, which is complete in itself, inherent powers provided under Rule 11 of the Rules cannot be invoked for the purpose of filing a Review Application.

In the case of Grindlays Bank Ltd. Vs. Central Government Industrial Tribunal & Ors., it has been held by the Supreme Court that the power of review is not an inherent power, it must be conferred either specifically or by necessary implication. Thus, the Review Application is not maintainable from any angle, it may be seen and is in fact an abuse of the process of law, therefore, the Applicant deserves to be saddled with cost of this litigation. Therefore, the Review Application is dismissed.

Tags : APPLICATION   REVIEW   MAINTAINABILITY  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved