Orders Obtained through Fraud may be Recalled by Adjudicating Authority u/r 11 of the NCLT Rules: NCLAT

The NCLAT has ruled that orders obtained through fraud may be recalled by the adjudicating authority under Rule 11 of the NCLT Rules. The case involved an attempt to challenge a resolution plan based on allegations of fraud. The tribunal clarified that if fraud is proven, the orders passed based on such fraudulent activities can be set aside. This ruling ensures that the principles of justice are upheld in insolvency proceedings and that fraudulent actions are not allowed to influence the outcome of corporate resolution processes.