https://www.taxtmi.com/caselaws?id=440911 The National Company Law Appellate Tribunal dismissed the appeal due to the Appellant's failure to provide sufficient cause for the 400-day delay in filing the appeal, despite pursuing remedies up to the Supreme Court. The Tribunal emphasized that the delay exceeded the statutory limit for condonation under Section 61 of the Code, leading to the dismissal of the appeal. The Appellant's status as a Bank with ample resources did not justify the uncondonable delay, resulting in the Tribunal's decision to reject the appeal. en-us Thu, 27 Jul 2023 00:00:00 +0530 Sat, 29 Jul 2023 08:09:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440911 The National Company Law Appellate Tribunal dismissed the appeal due to the Appellant's failure to provide sufficient cause for the 400-day delay in filing the appeal, despite pursuing remedies up to the Supreme Court. The Tribunal emphasized that the delay exceeded the statutory limit for condonation under Section 61 of the Code, leading to the dismissal of the appeal. The Appellant's status as a Bank with ample resources did not justify the uncondonable delay, resulting in the Tribunal's decision to reject the appeal. Case-Laws Insolvency and Bankruptcy Thu, 27 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440911