https://www.taxtmi.com/caselaws?id=778192 NCLAT-PB (LB) dismissed the appeals, upholding the Adjudicating Authority's rejection of the restoration and second Section 94 petitions. The panel found the appellant repeatedly failed to prosecute proceedings, filed a second identical Section 94 petition without disclosing prior dismissal, and gave no satisfactory explanation for non-appearance, amounting to abuse of process and delay contrary to IBC timelines. The Adjudicating Authority reasonably scrutinized the bonafide of the renewed petition and rightly denied restoration and relief; the appeals were dismissed for lack of merit. en-us Tue, 02 Sep 2025 00:00:00 +0530 Fri, 12 Sep 2025 08:45:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778192 NCLAT-PB (LB) dismissed the appeals, upholding the Adjudicating Authority's rejection of the restoration and second Section 94 petitions. The panel found the appellant repeatedly failed to prosecute proceedings, filed a second identical Section 94 petition without disclosing prior dismissal, and gave no satisfactory explanation for non-appearance, amounting to abuse of process and delay contrary to IBC timelines. The Adjudicating Authority reasonably scrutinized the bonafide of the renewed petition and rightly denied restoration and relief; the appeals were dismissed for lack of merit. Case-Laws IBC Tue, 02 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778192