The NCLAT dismissed the appeal, declining to condone the delay ...

Appellate authority dismisses appeal for 156-day refiling delay, citing insufficient justification and IBC's strict timelines.

December 24, 2024

Case Laws IBC AT

The NCLAT dismissed the appeal, declining to condone the delay of 156 days in re-filing. The appellant's explanation was found insufficient to condone such a prolonged delay. The NCLAT emphasized adherence to procedural timelines under the IBC, referring to Supreme Court judgments which disallowed extending timelines beyond statutory limits except in limited circumstances not attributable to the litigants. As the appellant failed to provide adequate justification for the inordinate delay of 156 days in re-filing, which appeared aimed at hindering the resolution process, the NCLAT dismissed the appeal.

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The NCLAT dismissed the appeal, declining to condone the delay ...

Appellate authority dismisses appeal for 156-day refiling delay, citing insufficient justification and IBC's strict timelines.

December 24, 2024

Case Laws IBC AT

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