2025 (5) TMI 165

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....16 of 2025 - -<br>Insolvency & Bankruptcy<br>[Justice Ashok Bhushan] Chairperson, [Barun Mitra] Member (Technical) And [Arun Baroka] Member (Technical) For the Appellant : Mr. Ch. Dhilleshwara Rao, Advocate. For the Respondent : Mr. Sayan Banerjee, Advocate for R-1. Ms. Archana Baghel, Advocate for R-2. ORDER (Hybrid Mode) I.A. No.1716 of 2025: This is an application praying for condonation....

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....nctions were significantly impacted, despite our best efforts to expedite the process. These challenges, which were beyond our control, contributed to the delay. In light of the bona fide circumstances and the substantial issues raised in the appeal, it is humbly prayed that this Hon'ble Tribunal may be pleased to condone the delay of one day in the interest of justice and equity." 2. We find suf....

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.... salary by 04.10.2024. Thereafter, certain correspondence took place between the Liquidator and the employees' representative. The Liquidator asked for details of payment and bank statement, which were responded by the employees' representative. Court again passed an order on 29.10.2024 giving further time to the Liquidator to make payment and fixed the matter for 21.11.2024. When the matter was t....

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....ls were given including the bank statement. It is submitted that details of 34 employees including bank statement was given, however, no payments were made by the liquidator. Hence, the Court has rightly passed the order. 6. We have considered the submissions of learned counsel for the parties and perused the record. 7. When the Court had issued direction to the Liquidator to release payment to ....