Condonation of refiling delay refused where repeated defects, lack of diligence and vague explanations defeated the appeal against resolution plan approval.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Condonation of an inordinate refiling delay was refused where the appellant failed to show sufficient cause for curing repeated defects in an appeal against approval of a resolution plan. The NCLAT held that liberal consideration of refiling delay depends on the facts of each case, but the appellant had acted without promptness after repeated defect notifications, and the appeal was filed after approval and implementation of the resolution plan. General explanations of logistical difficulty, bulky papers and holidays were found insufficient, and non-deposit of the requisite fee indicated lack of diligence. The application for condonation was rejected, and the memorandum of appeal was consequently rejected.....