NCLAT allows Correction Application, Orders Correction of Errors in Previous Order Pertaining to CIRP Status and Pending High Court Litigation [Read Order]

The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has allowed an application seeking correction of inadvertent errors in an earlier order passed in an insolvency appeal. The Bench directed the necessary rectifications to be carried out and a corrected copy of the order be uploaded.

The application was filed in connection with an order dated October 17, 2025, passed in Company Appeal (AT) (Insolvency) No. 1553 of 2025. The appellant, Sandeep G. Raheja, approached the Tribunal contending that certain prayers and observations recorded in the order did not correctly reflect the content of the interlocutory application due to inadvertent mistakes.

It was submitted on behalf of the appellant that in the first paragraph of the earlier order, Prayer (g) had been incorrectly quoted. The appellant sought correction to ensure that the prayer, as originally contained in I.A. No. 2353 of 2025, was properly incorporated. The corrected prayer clarified that the insolvency process of the corporate debtor would remain subject to earlier orders dated March 14, 2005 and April 25, 2007 passed by the Bombay High Court, the outcome of Suit No. 3121 of 2004 pending before the High Court, and the rights of the applicant therein.

The Appellate Tribunal, comprising JusticeAshok Bhushan (Chairperson) and Barun Mitra (Technical Member), noted the request for correction in the penultimate paragraph of the earlier order, where the words “assertion as undertaken” were sought to be deleted and substituted with the words “Information Memorandum”.

The Tribunal directed a correction in the last paragraph of the order to clarify that in view of the order allowing the correction application, no separate order was required to be passed in the amendment application.

Accepting the submissions, the NCLAT allowed the application and directed that the order dated October 17, 2025 be corrected accordingly. The Tribunal further directed that the corrected copy of the order be uploaded.

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates