Delay in restoration appeal against NCLT order condoned as sufficient cause shown: NCLAT Delhi

Lok Sewak Leasing & Investment Private Limited Vs GBL Chemical Limited (NCLAT Delhi) NCLAT Delhi held that delay in filing restoration appeal can be condoned in terms of rule 48 of the NCLT Rules, 2016 since sufficient cause made out. Accordingly, matter restored back to the Adjudicating Authority. Facts- The present Company Appeal  has been filed by the Appellant i.e. M/s Lok Sewak Leasing & Investment Pvt. Ltd who is the Financial Creditor, under Section 61 of the Insolvency and Bankruptcy Code, 2016, challenging the Impugned Order dated 22.01.2025 passed by the National Company Law...