https://www.taxtmi.com/caselaws?id=771572 SC allowed the appeal, holding that the delay in refiling before NCLAT deserved condonation under a liberal construction of "sufficient cause" in the context of Section 60(5) IBC. The appellant had taken all necessary steps to file the appeal within the initial and extended limitation periods and reasonably relied on its counsel and clerk, whose procedural lapses caused delay. SC emphasized that adjudication on merits is preferable to dismissal on technical default, particularly where the legal issue, if decided for the appellant, could benefit debtor entities. The impugned NCLAT order refusing condonation was set aside and the appeal was remitted for decision on merits. en-us Mon, 05 May 2025 00:00:00 +0530 Fri, 12 Dec 2025 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771572 SC allowed the appeal, holding that the delay in refiling before NCLAT deserved condonation under a liberal construction of "sufficient cause" in the context of Section 60(5) IBC. The appellant had taken all necessary steps to file the appeal within the initial and extended limitation periods and reasonably relied on its counsel and clerk, whose procedural lapses caused delay. SC emphasized that adjudication on merits is preferable to dismissal on technical default, particularly where the legal issue, if decided for the appellant, could benefit debtor entities. The impugned NCLAT order refusing condonation was set aside and the appeal was remitted for decision on merits. Case-Laws IBC Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771572