NCLT Dismisses IFCI Factors' Recall Application Against Empee

NCLT Chennai dismisses IFCI Factors' application to recall its 15.07.2025 order directing repayment of ₹6.19 crore to Empee Holdings.
Tribunal finds no grounds of fraud or misrepresentation were established to warrant a recall of the previous order.
IFCI Factors is granted liberty to file a fresh application for enforcement of the resolution plan payment from SNJ Distillers.
The dispute centers on a ₹6.02 crore resolution plan amount for IFCI that remains undisbursed by the successful resolution applicant.