https://www.taxtmi.com/caselaws?id=766306 NCLAT dismissed application for condonation of 205-day delay in refiling company appeal. Registry repeatedly notified applicant of clerical defects including illegible copies, incorrect indexation, and missing documentation, allowing seven days each time for corrections. Applicant failed to demonstrate sufficient cause or provide explanation for prolonged delay beyond their control. NCLAT emphasized IBC's time-bound nature requiring completion within 330 days, stating that allowing such delays without convincing reasons would encourage parties to disrupt resolution timelines. Court found applicant's casual approach inconsistent with IBC's objective of timely insolvency resolution process. en-us Mon, 17 Feb 2025 00:00:00 +0530 Sat, 22 Feb 2025 08:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766306 NCLAT dismissed application for condonation of 205-day delay in refiling company appeal. Registry repeatedly notified applicant of clerical defects including illegible copies, incorrect indexation, and missing documentation, allowing seven days each time for corrections. Applicant failed to demonstrate sufficient cause or provide explanation for prolonged delay beyond their control. NCLAT emphasized IBC's time-bound nature requiring completion within 330 days, stating that allowing such delays without convincing reasons would encourage parties to disrupt resolution timelines. Court found applicant's casual approach inconsistent with IBC's objective of timely insolvency resolution process. Case-Laws IBC Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766306