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Tribunal can amend or rectify the order passed by it within a period of …..years
5 years
2 years
1 year
3 years
At present the rule applicable to decide this Praecipe is Rule 154 of NCLT Rules i.e. “Rectification of Order”. It prescribes that any clerical or arithmetical mistake in any Order of the Tribunal or error therein arising from any accidental slip or omission may be corrected either on its own motion by NCLT, or on an Application. A time limit of rectification is prescribed as Two years from the date of the final Order not being an interlocutory order. The rectification sought for are neither a clerical mistake nor an arithmetical error, hence out of the purview of this Rule. It has not been demonstrated at all that there was any accidental slip or there was an omission to get them rectified. Most important part of this Rule is that an “interlocutory Order” is out of the purview of rectification rule.
By: Srishti Gupta ProfileResourcesReport error
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