https://www.taxtmi.com/caselaws?id=776681 Condonation of refiling delay in insolvency proceedings depends on a credible, diligent explanation showing sufficient cause, because timeliness is integral to the statutory framework. Repeated failure to cure routine defects, coupled with unpersuasive explanations such as office shifting, file reconstruction and absence of staff, indicated lack of earnestness and bona fide diligence. The asserted reasons were found inconsistent and did not justify the prolonged delay, so the delay was not condonable. The condonation applications therefore failed, and the connected appeals and interlocutory applications stood rejected. en-us Mon, 11 Aug 2025 00:00:00 +0530 Sat, 16 Aug 2025 10:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776681 Condonation of refiling delay in insolvency proceedings depends on a credible, diligent explanation showing sufficient cause, because timeliness is integral to the statutory framework. Repeated failure to cure routine defects, coupled with unpersuasive explanations such as office shifting, file reconstruction and absence of staff, indicated lack of earnestness and bona fide diligence. The asserted reasons were found inconsistent and did not justify the prolonged delay, so the delay was not condonable. The condonation applications therefore failed, and the connected appeals and interlocutory applications stood rejected. Case-Laws IBC Mon, 11 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776681