Delay in refiling appeal not condoned as strong and credible reasons not demonstrated

Ritu Shree Somani Vs Bank of Baroda (NCLAT Delhi) NCLAT Delhi held that Insolvency and Bankruptcy Code [IBC] being a time bound matter, refiling delay in appeals is not condonable without any strong and credible reasons. Accordingly, application for condonation of delay in refiling appeal rejected. Facts- Present set of applications praying for condonation of refiling delay in respective Appeals preferred by six Applicants against order dated 13.06.2024 passed by the Adjudicating Authority (National Company Law Tribunal, Court-III, New Delhi) admitting application under Section 95 of Insolvenc...