Adjudicating Authority had no jurisdiction u/s 31 to allow the rectification in the approved Resolution Plan- QVC Exports Pvt. Ltd. Vs. United Tradeco FZC- NCLAT New Delhi

It is clear that the order which has attained finality cannot be reviewed under the inherent powers of the Court. This power can only be exercised to correct clerical errors or arithmetical mistakes in the judgment. By the impugned order the Adjudicating Authority has changed terms of Resolution Plan based on the application of one of the Resolution Applicant without even consent of the Appellant, even though he was the joint applicant in the Resolution Plan.

Scroll to Top