NCLT Has Power To Recall Its Order: NCLAT

[07 June 2022] The National Company Law Appellate Tribunal (NCLAT) bench comprising of Justice Rakesh Kumar Jain and Mr. Alok Srivastva recently held that the National Company Law Tribunal has the power to recall its order of closing the right to file reply.
NCLAT held that there is a difference between recalling an order and review of an order where an issue is decided on merit by the Tribunal “No doubt that the Adjudicating Authority has no jurisdiction to review its order after deciding a substantial issue but it has the jurisdiction to recall the order of the kind in dispute i.e., where the right to Reply was closed by an order on the ground that the opportunities granted were not availed.”