The Board of Trustees for Shyama Prasad Mookerjee Port Kolkata (Appellant) filed an appeal against an order rejecting their application for recall of an earlier order. The Corporate Debtor is Manor Floatel Ltd. The CIRP against the Corporate Debtor commenced and concluded with the approval of a Resolution Plan on 30.10.2018. The Appellant did not file any claim during the resolution process. Later, in 2021, the Appellant filed IA No.890/KB/2021, seeking recall of the order dated 30.10.2018, which was rejected. The Appellant argued that the resolution plan contained provisions contrary to law, specifically regarding a perpetual lease, violating Section 30(2) of the IBC. The Respondent argued that the Appellant did not challenge the plan approval in a timely manner,

The Board of Trustees for Shyama Prasad Mookerjee Port Kolkata (Appellant) filed an appeal against an order rejecting their application for recall of an earlier order. The Corporate Debtor is Manor Floatel Ltd. The CIRP against the Corporate Debtor commenced and concluded with the approval of a Resolution Plan on 30.10.2018. The Appellant did not file any claim during the resolution process. Later, in 2021, the Appellant filed IA No.890/KB/2021, seeking recall of the order dated 30.10.2018, which was rejected. The Appellant argued that the resolution plan contained provisions contrary to law, specifically regarding a perpetual lease, violating Section 30(2) of the IBC. The Respondent argued that the Appellant did not challenge the plan approval in a timely manner,