Delay of 152 Days in Appeal Refiling Not Excused Due to Lack of Justifiable Cause Under Insolvency Rules

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....The NCLAT dismissed the application for condonation of a 152-day delay in refiling the appeal, holding that the Applicant failed to demonstrate sufficient or justifiable cause. The Applicant did not provide a credible explanation for the delay or substantiate the alleged difficulties in obtaining clear copies of documents. Furthermore, the Applicant sought exemption from filing true typed copies of dim/illegible documents, undermining the claim of diligent efforts to cure defects. The Tribunal found the delay resulted from negligence and lack of bona fide efforts rather than circumstances beyond the Applicant's control. Given the importance of timely proceedings in insolvency matters, the Tribunal declined to condone the delay, emphasizing .........