Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The NCLAT rejected the application for condonation of 121 days' delay in refiling the company appeal. The Tribunal held that the applicant failed to demonstrate sufficient cause for the delay, which was found to be intentional, deliberate, and due to negligence. The reasons cited, such as the ill-health of a clerk and receiving duplicate emails/SMS from the Registry, were deemed facile and unsatisfactory. The applicant was found to be casual, callous, careless, and negligent in refiling the appeal on time. The Tribunal emphasized the need for prompt and time-bound resolution under the Insolvency and Bankruptcy Code (IBC) and refused to condone the inordinate delay, as it would dilute the objectives of the IBC.
The NCLAT rejected the application for condonation of 121 days' delay in refiling the company appeal. The Tribunal held that the applicant failed to demonstrate sufficient cause for the delay, which was found to be intentional, deliberate, and due to negligence. The reasons cited, such as the ill-health of a clerk and receiving duplicate emails/SMS from the Registry, were deemed facile and unsatisfactory. The applicant was found to be casual, callous, careless, and negligent in refiling the appeal on time. The Tribunal emphasized the need for prompt and time-bound resolution under the Insolvency and Bankruptcy Code (IBC) and refused to condone the inordinate delay, as it would dilute the objectives of the IBC.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
