https://www.taxtmi.com/caselaws?id=785328 The text addresses condonation of delay in refiling a company appeal under the IBC, emphasising the statutes time-bound insolvency framework and the need for reasonable, unavoidable causes to excuse delay. The tribunal found a 455-day refiling delay and concluded that trivial arithmetic defects and non-co-location explanations did not demonstrate due diligence; consequently the delay was avoidable and the application for condonation was rejected. The reasoning underscores that registry defects related to computation must be cured promptly and that protracted laxity cannot justify relief in CIRP timelines. en-us Wed, 14 Jan 2026 00:00:00 +0530 Thu, 22 Jan 2026 08:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785328 The text addresses condonation of delay in refiling a company appeal under the IBC, emphasising the statutes time-bound insolvency framework and the need for reasonable, unavoidable causes to excuse delay. The tribunal found a 455-day refiling delay and concluded that trivial arithmetic defects and non-co-location explanations did not demonstrate due diligence; consequently the delay was avoidable and the application for condonation was rejected. The reasoning underscores that registry defects related to computation must be cured promptly and that protracted laxity cannot justify relief in CIRP timelines. Case-Laws IBC Wed, 14 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785328