https://www.taxtmi.com/caselaws?id=465453 An application seeking condonation of delay in furnishing performance and unconditional financial bank guarantees could not be dismissed on merits after the adjudicating authority itself held that it had no jurisdiction to grant such condonation. The authority noted that no provision empowered it to enlarge its jurisdiction or take over a matter left to the Committee of Creditors' discretion. The appellate tribunal therefore set aside the merits-based dismissal to that extent, deleted the impugned paragraph, and directed that the application stand disposed of in light of the jurisdictional finding. en-us Fri, 26 Sep 2025 00:00:00 +0530 Wed, 24 Dec 2025 19:20:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465453 An application seeking condonation of delay in furnishing performance and unconditional financial bank guarantees could not be dismissed on merits after the adjudicating authority itself held that it had no jurisdiction to grant such condonation. The authority noted that no provision empowered it to enlarge its jurisdiction or take over a matter left to the Committee of Creditors' discretion. The appellate tribunal therefore set aside the merits-based dismissal to that extent, deleted the impugned paragraph, and directed that the application stand disposed of in light of the jurisdictional finding. Case-Laws IBC Fri, 26 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465453