https://www.taxtmi.com/highlights?id=90405 The SC upheld the NCLAT's refusal to condone the delay in filing an appeal under Section 421(3) of the Companies Act, 1956, finding no sufficient cause to excuse the inordinate delay beyond the statutory limitation period. The Court affirmed that the proviso to Sub-Section (3) does not permit such condonation absent justifiable reasons. Consequently, the appeal challenging the NCLAT's order dismissing the condonation application was dismissed, thereby sustaining the finality of the impugned decision. en-us Sat, 12 Jul 2025 08:40:56 +0530 Sat, 12 Jul 2025 08:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=90405 The SC upheld the NCLAT's refusal to condone the delay in filing an appeal under Section 421(3) of the Companies Act, 1956, finding no sufficient cause to excuse the inordinate delay beyond the statutory limitation period. The Court affirmed that the proviso to Sub-Section (3) does not permit such condonation absent justifiable reasons. Consequently, the appeal challenging the NCLAT's order dismissing the condonation application was dismissed, thereby sustaining the finality of the impugned decision. Highlights Companies Law Sat, 12 Jul 2025 08:40:56 +0530 https://www.taxtmi.com/highlights?id=90405