The Supreme Court (SC) upheld the order of the National Company Law Appellate Tribunal (NCLAT) that exercised its inherent jurisdiction to recall its judgments by observing that, “Power of recall of a judgment can be exercised by this Tribunal when any procedural error is committed in delivering the earlier judgment; for example; necessary party has not been served or necessary party was not before the Tribunal when judgment was delivered adverse to a party.” The SC, agreeing with the view of the NCLAT, dismissed the appeal filed against the NCLAT order.
