https://www.taxtmi.com/highlights?id=91834 NCLAT dismissed the applicant's application for condonation of 125 days' delay in refiling the appeal, holding that the applicant failed to demonstrate sufficient cause. The tribunal found the asserted registry errors and purported confusion over a power of attorney unsubstantiated, concluding the repeated refilings evidenced gross negligence and lack of diligence rather than unavoidable circumstances. Routine corrections (POA substitution, renumbering, bookmarks) were deemed not time-consuming, and litigant negligence cannot be excused to thwart procedural compliance. Given the statutory time-bound object of the IBC and the need for finality, the balance of convenience and equity did not favour the applicant, and the condonation petition was rejected. en-us Sat, 23 Aug 2025 08:31:25 +0530 Sat, 23 Aug 2025 08:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=91834 NCLAT dismissed the applicant's application for condonation of 125 days' delay in refiling the appeal, holding that the applicant failed to demonstrate sufficient cause. The tribunal found the asserted registry errors and purported confusion over a power of attorney unsubstantiated, concluding the repeated refilings evidenced gross negligence and lack of diligence rather than unavoidable circumstances. Routine corrections (POA substitution, renumbering, bookmarks) were deemed not time-consuming, and litigant negligence cannot be excused to thwart procedural compliance. Given the statutory time-bound object of the IBC and the need for finality, the balance of convenience and equity did not favour the applicant, and the condonation petition was rejected. Highlights IBC Sat, 23 Aug 2025 08:31:25 +0530 https://www.taxtmi.com/highlights?id=91834