https://www.taxtmi.com/caselaws?id=406957 The National Company Law Tribunal, Chennai Bench, condoned a delay of 379 days in filing an Application for restoration of a Petition under the Insolvency & Bankruptcy Code, 2016. The Tribunal found that the delay was due to miscommunication and the non-appearance of the Applicant's representative, leading to the dismissal of the Petition. Despite efforts to locate the misplaced case bundle, the Tribunal accepted the Applicant's explanation and emphasized the need for a liberal construction of 'sufficient cause' under Section 5 of the Limitation Act. As a result, the Tribunal allowed the matter to proceed. en-us Wed, 31 Mar 2021 00:00:00 +0530 Tue, 27 Apr 2021 12:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406957 The National Company Law Tribunal, Chennai Bench, condoned a delay of 379 days in filing an Application for restoration of a Petition under the Insolvency & Bankruptcy Code, 2016. The Tribunal found that the delay was due to miscommunication and the non-appearance of the Applicant's representative, leading to the dismissal of the Petition. Despite efforts to locate the misplaced case bundle, the Tribunal accepted the Applicant's explanation and emphasized the need for a liberal construction of 'sufficient cause' under Section 5 of the Limitation Act. As a result, the Tribunal allowed the matter to proceed. Case-Laws Insolvency and Bankruptcy Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406957