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NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Arun Baroka, Member (Technical)
V-Con Integrated Solutions Pvt. Ltd. – Appellant
Versus
Shreeram Technology Services Pvt. Ltd. – Respondent
| Table of Content |
|---|
| 1. background of section 9 petition dismissal for non-prosecution. (Para 1 , 2 , 3 , 29 , 30 , 36 , 40 , 66) |
| 2. litigant not penalized for counsel's negligence. (Para 5 , 6 , 7 , 8 , 9 , 24 , 56 , 57) |
| 3. no mandatory formal condonation application required. (Para 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 43 , 58) |
| 4. length of delay immaterial if explanation bona fide. (Para 20 , 21 , 54) |
| 5. strict 30-day limit under rule 48(2) nclt rules. (Para 31 , 32 , 33 , 34 , 35 , 44 , 45 , 47 , 48 , 49 , 50) |
| 6. time-bound ibc proceedings demand procedural discipline. (Para 39 , 52 , 53 , 55 , 59 , 60 , 61 , 62 , 63 , 64 , 65 , 68) |
| 7. inherent powers cannot override express provisions. (Para 41 , 42 , 46 , 67) |
| 8. appeal dismissed for insufficient cause. (Para 69) |
J U D G M E N T
(Hybrid Mode)
[Per: Arun Baroka, Member (Technical)]
The present Appeal is being filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 (“the Code”), challenging the judgment dated 11.12.2024 passed by the Hon’ble National Company Law Tribunal, Indore Bench, Madhya Pradesh (“Hon’ble NCLT”) in IA No. 195 (MP) of 2022 (“the Restoration Application”) in Company Petition (MP) CP (IB) No. 1 of 2020 (“the
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