The Supreme Court held that NCLT can recall CIRP admitted under Sections 7, 9 or 10 of the IBC if its initiation is found fraudulent or collusive.
The request under Section 15(1)(b) of the Contempt of Courts Act cited a 4 October post that said the Bench would hold “absolutely ZERO CREDIBILITY” before it heard two listed petitions ...
Justice Gowda has said the SIR judgment should be recalled as it is "illegal, unconstitutional and undemocratic".
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