https://www.taxtmi.com/caselaws?id=775715 The NCLAT Principal Bench dismissed the application for condonation of a 152-day delay in refiling the appeal, finding no sufficient or justifiable cause. The applicant failed to provide a credible explanation for the delay, including the nature of difficulties in obtaining clear copies of documents. The continued presence of dim/illegible documents despite the passage of time indicated a lack of genuine effort. The delay was attributed to negligence and lack of due diligence rather than reasons beyond the applicant's control. Given the importance of timely proceedings in insolvency matters, the tribunal held that condoning the delay on such grounds would be inappropriate, resulting in rejection of the condonation application. en-us Tue, 29 Jul 2025 00:00:00 +0530 Wed, 30 Jul 2025 08:21:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775715 The NCLAT Principal Bench dismissed the application for condonation of a 152-day delay in refiling the appeal, finding no sufficient or justifiable cause. The applicant failed to provide a credible explanation for the delay, including the nature of difficulties in obtaining clear copies of documents. The continued presence of dim/illegible documents despite the passage of time indicated a lack of genuine effort. The delay was attributed to negligence and lack of due diligence rather than reasons beyond the applicant's control. Given the importance of timely proceedings in insolvency matters, the tribunal held that condoning the delay on such grounds would be inappropriate, resulting in rejection of the condonation application. Case-Laws IBC Tue, 29 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775715