NCLAT disposes of two appeals by Vimal Plast challenging NCLT's order reserving an insolvency petition for judgment.
Appellant failed to file a reply despite multiple service notices and opportunities granted by the NCLT.
Tribunal upholds dismissal of recall application, finding it was not maintainable in the absence of fraud allegations.
Appellant permitted to file a synopsis within one week for NCLT's consideration before the final order is pronounced.