https://www.taxtmi.com/caselaws?id=762513 NCLAT Principal Bench rejected an application for condonation of 104 days delay in refiling a company appeal. The appellant initially filed the appeal with only 2 days delay, which was condoned. However, after registry intimated defects with 7 days to cure, the appellant refiled after 104 days. The Tribunal found the explanation of difficulty obtaining client instructions insufficient, noting the appellant was strategically waiting and watching CoC proceedings regarding resolution plan rather than genuinely attempting to cure defects. The Tribunal emphasized IBC's time-bound nature and rejected the delay application, finding the appellant deliberately kept the appeal defective as strategy. en-us Fri, 29 Nov 2024 00:00:00 +0530 Mon, 02 Dec 2024 11:29:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762513 NCLAT Principal Bench rejected an application for condonation of 104 days delay in refiling a company appeal. The appellant initially filed the appeal with only 2 days delay, which was condoned. However, after registry intimated defects with 7 days to cure, the appellant refiled after 104 days. The Tribunal found the explanation of difficulty obtaining client instructions insufficient, noting the appellant was strategically waiting and watching CoC proceedings regarding resolution plan rather than genuinely attempting to cure defects. The Tribunal emphasized IBC's time-bound nature and rejected the delay application, finding the appellant deliberately kept the appeal defective as strategy. Case-Laws IBC Fri, 29 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762513