https://www.taxtmi.com/caselaws?id=788494 NCLAT held that, despite repeated prior opportunities having been left unutilised before the NCLT, the closure of time to file counter affidavits could be revisited in the interests of justice. It applied the principle that a party cannot justify an impugned order on new grounds not recorded in that order, and also recognised that procedural time limits are intended to aid, not defeat, fair hearing. The appellants were censured for lack of diligence, but were granted a final ten-day opportunity to file counter affidavits, failing which the consequences of the impugned orders would follow. The company appeals were disposed of subject to that opportunity. en-us Wed, 13 Aug 2025 00:00:00 +0530 Tue, 24 Mar 2026 08:12:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788494 NCLAT held that, despite repeated prior opportunities having been left unutilised before the NCLT, the closure of time to file counter affidavits could be revisited in the interests of justice. It applied the principle that a party cannot justify an impugned order on new grounds not recorded in that order, and also recognised that procedural time limits are intended to aid, not defeat, fair hearing. The appellants were censured for lack of diligence, but were granted a final ten-day opportunity to file counter affidavits, failing which the consequences of the impugned orders would follow. The company appeals were disposed of subject to that opportunity. Case-Laws IBC Wed, 13 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788494