Interlocutory Orders Merge With Final Dismissal, Cannot Be Used Independently: NCLAT

The National Company Law Appellate Tribunal ruled that interlocutory orders merge with the final dismissal of a company petition and cannot be relied upon independently once the main petition is dismissed. The Tribunal held that parties cannot extract isolated observations or findings from interim orders to claim substantive rights after final disposal. Emphasising procedural discipline under the Insolvency and Bankruptcy Code, the NCLAT clarified that interim directions lose their standalone significance upon final adjudication. The ruling reinforces legal certainty in insolvency proceedings and prevents misuse of stray judicial observations to reopen settled matters.