NCLAT Restores Company Petition Because Delay Was Not Solely Petitioner’s Fault

PG Holiday Inn Pvt. Ltd. Vs Bencomar Hotels (Goa) Pvt. Ltd. & Ors. (NCLAT Delhi) PG Holiday Inn Pvt. Ltd. v. Bencomar Hotels (Goa) Pvt. Ltd. and Ors. – Restoration of Company Petition Dismissed for Want of Prosecution and Non-Filing of Vakalatnama upon Conditional Payment of Costs National Company Law Tribunal Rules – Vakalatnama – Restoration application – Dismissal for want of prosecution. The appeal arose from dismissal of a restoration application on the ground that the company petition had remained pending since 2018, compliances were not done, vakalatnama was not filed, a...