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Iifl Home Finance Limited vs Mr. Ayyagari Viswanadha Sarma Rp Of M/S ...

National Company Law Appellate Tribunal7 March 2025Ashok Bhushan

Ratio decidendi

The rule this decision rests on

Where an application has been listed and heard on merits in the presence of a proxy counsel for the applicant, and no grounds are shown for recalling the resulting order, the Adjudicating Authority does not err in rejecting an application to recall that order; a party cannot seek recall of a merits decision on the mere contention that its counsel did not make submissions which the order does not record, absent any ground warranting recall.

Written by Miss Lucy from the judgment below, not taken from a headnote.

Judgment

As delivered

NATIONAL COMPANY LAW APPELLATE TRIBUNALPRINCIPAL BENCH, NEW DELHIComp. App (AT) (Ins) No. 385 of 2025 &I.A. No. 1438 of 2025

IN THE MATTER OF: IIFL Home Finance Ltd. ...Appellants Versus Ayyagari Viswanadha Sarma ...Respondents

Present: For Appellant : Mr. Swapnil Gupta and Mr. Tarun Mishra, Advocates. For Respondents :

ORDER

(Hybrid Mode)

07.03.2025: I.A. No. 1438 of 2025

This is an application for condonation of delay in filing the appeal. We

find sufficient cause shown in paragraph-3 of the application for condoning

the delay. Delay condoned.

CA (AT)(Ins) No. 385/2025

2. This appeal has been filed against the order dated 02.01.2025 by which

order RA No. 147 of 2024 filed by the appellant to recall the judgment dated

19.07.2024 has been rejected. The order dated 19.07.2024 was passed in IA

No. 2768/2024 which was filed by the appellant. The Adjudicating Authority

by the impugned order has rejected the application.

3. The Counsel for the appellant submits that counsel for the appellant

could not make submission and none of the submission is recorded in the

order hence the order ought to be recorded. When we look into the order

dated 19.07.2024 it is clear that proxy counsel on behalf of the appellant was present and it was the application filed by the appellant himself, court

proceeded to decide the application on merits. Present is not a case where any

grounds have been made out to recall the order dated 19.07.2024 hence

Adjudicating Authority did not commit any error in rejecting the application.

Appeal is dismissed.

Counsel for the appellant submitted that proxy counsel had no

authority in the matter.

[Justice Ashok Bhushan] Chairperson

[Barun Mitra] Member (Technical)

harleen/NN

2 of 2 Company Appeal (AT) (Ins) No. 385 of 2025 & I.A. No. 1438 of 2025

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