https://www.taxtmi.com/caselaws?id=797268 Restoration of a company petition dismissed for want of prosecution may be granted after the thirty-day period in Rule 48(2) of the National Company Law Tribunal Rules, 2016 where sufficient cause exists. Rule 48(2) does not create an absolute bar on delayed restoration and must be read with Rule 11, which preserves inherent powers to secure the ends of justice. An unrebutted explanation that counsel missed a preponed hearing, coupled with a delay-condonation application that was not placed before the Tribunal, supported condonation. The delayed restoration application was maintainable, and the company petition was restored for decision on merits. en-us Tue, 18 Aug 2026 00:00:00 +0530 Thu, 20 Aug 2026 08:14:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797268 Restoration of a company petition dismissed for want of prosecution may be granted after the thirty-day period in Rule 48(2) of the National Company Law Tribunal Rules, 2016 where sufficient cause exists. Rule 48(2) does not create an absolute bar on delayed restoration and must be read with Rule 11, which preserves inherent powers to secure the ends of justice. An unrebutted explanation that counsel missed a preponed hearing, coupled with a delay-condonation application that was not placed before the Tribunal, supported condonation. The delayed restoration application was maintainable, and the company petition was restored for decision on merits. Case-Laws IBC Tue, 18 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797268