Appeal dismissed for 46-day delay; explanation found implausible and not a 'sufficient cause' to condone SC dismissed the appeal and upheld the NCLAT order refusing to condone a 46-day delay in filing the appeal. The Tribunal found the appellant's explanation ...
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Appeal dismissed for 46-day delay; explanation found implausible and not a "sufficient cause" to condone
SC dismissed the appeal and upheld the NCLAT order refusing to condone a 46-day delay in filing the appeal. The Tribunal found the appellant's explanation to be implausible and not a "sufficient cause" under the governing statute; the Supreme Court saw no reason to interfere with the impugned order dated 16 November 2023. The appeal was therefore dismissed.
The Supreme Court affirmed the National Company Law Appellate Tribunal's order dated 16 November 2023 in Company Appeal (AT)(CH)(Insolvency) No. 389 of 2023, stating it found "no reason to interfere with the impugned order dated 16 November 2023." The appeal court recorded that, on that basis, "The Civil Appeal is accordingly dismissed." The decision leaves intact the NCLAT's adjudication on the insolvency-related challenge and disposes of any ancillary or interlocutory matters, noting that "Pending applications, if any, stand disposed of." The ruling is a straight dismissal without alteration of the NCLAT's findings or terms, effectively terminating further appellate relief in this civil matter arising from the specified company appeal.
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