https://www.taxtmi.com/caselaws?id=771916 Restoration of a petition dismissed for default requires timely application and proof of sufficient cause for non-appearance under Rule 48(2) of the NCLT Rules, 2016. The Tribunal found repeated absence on consecutive hearing dates, discrepancies between recorded appearances and the order sheet, and no convincing explanation for the defaults. It held that the applicant had shown casualness and lack of diligence in prosecuting the matter, so restoration was not justified. The refusal to restore the petition was upheld. en-us Fri, 30 May 2025 00:00:00 +0530 Mon, 02 Jun 2025 08:34:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771916 Restoration of a petition dismissed for default requires timely application and proof of sufficient cause for non-appearance under Rule 48(2) of the NCLT Rules, 2016. The Tribunal found repeated absence on consecutive hearing dates, discrepancies between recorded appearances and the order sheet, and no convincing explanation for the defaults. It held that the applicant had shown casualness and lack of diligence in prosecuting the matter, so restoration was not justified. The refusal to restore the petition was upheld. Case-Laws IBC Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771916