2020 (12) TMI 1344 - Tri - Insolvency and Bankruptcy

Condonation of delay of 358 days in filing petition under Section 9 of the I B Code - HELD THAT - The said lA was dismissed on 25.09.2020, as not maintainable. However, due to inadvertence, the instant petition is remained unheard. Though, admittedly there was delay of 358 days, it had to be dismissed along with IA 626 of 2020. It has come to our knowledge only today. The instant IB Petition is dismissed as time barred.

Summary

The National Company Law Tribunal Ahmedabad dismissed the Insolvency and Bankruptcy petition due to a delay of 358 days in filing the petition under Section 9 of the I&B Code. The delay was not condoned, leading to the dismissal of the petition as time-barred.