NCLAT Dismisses Appeal Against Rejection of Recall Application in IBC Case — Parallel CIRP Commencement Renders Proceedings Infructuous. The Corporate Debtor's recall application was rejected as the main petition under Section 7 of IBC became infructuous due to initiation of CIRP in a parallel proceeding by an Operational Creditor.
3 Sep 2025The Appellant, M/s. Devi Engineering & Construction Private Limited, was the Corporate Debtor in proceedings under CP (IB) No. 1/7/AMR/2025 initiated ...
