Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
The NCLAT rejected the application for condonation of 166 days' delay in refiling a Company Appeal. The reasons cited by the Applicant, such as bereavement, court vacations, and repeated corrections due to defects pointed out by the Registry, were found unacceptable. The NCLAT held that the Applicant exhibited inertia, lethargy, and negligence in curing the defects promptly, and the grounds for condonation of delay were insufficient.
The NCLAT rejected the application for condonation of 166 days' delay in refiling a Company Appeal. The reasons cited by the Applicant, such as bereavement, court vacations, and repeated corrections due to defects pointed out by the Registry, were found unacceptable. The NCLAT held that the Applicant exhibited inertia, lethargy, and negligence in curing the defects promptly, and the grounds for condonation of delay were insufficient.
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