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Radius Estates And Developers Private ... vs Nirav Vikram Maniar And Ors

National Company Law Appellate Tribunal16 March 2023

Ratio decidendi

The rule this decision rests on

The Tribunal condones a delay in re-filing a memo of appeal after defects were cured, on the ground that the reasons offered in the application — the voluminous documents, the need for re-execution by the authorised signatory, and the distance of the appellant's office — are sufficient cause for the delay.

Written by Miss Lucy from the judgment below, not taken from a headnote.

Judgment

As delivered

THE NATIONAL COMPANY LAW APPELLATE TRIBUNALPRINCIPAL BENCH, NEW DELHIInterlocutory Application No.1035/2023Un-numbered Company Appeal (AT) (Insolvency) No.___/2023F.No.16.02.2023/NCLAT/UR/00981In the matter of:

Radius Estates & Developers Pvt. Ltd. .... Appellant

Vs.

Nirav Vikram Maniar & Ors. .... Respondents

Appearance: Shubham Saini and Dharav Shah, Advocate for the Appellant.

16th March, 2023

This is an application to extend the time granted for curing the defects.

2. The facts of the case are that the Appellant filed the Memo of Appeal on 10.02.2023 and the Office after scrutiny of the Memo of Appeal on 16.02.2023, intimated the defects to the Appellant on the same day and returned the Memo of Appeal to the Appellant on 17.02.2023. The Appellant re-filed the Memo of Appeal on 03.03.2023. It is stated in the Interlocutory Application (IA) that the documents pertaining to the captioned Appeal and Applications are voluminous in nature, which consumed sufficient time and certain defects required some documents to be re-executed by the authorized signatory of the Appellant and as the Appellant's office is situated in Mumbai, it took some time in curing the defects. Hence, there is delay of 08 days in re-filing the Memo of Appeal, so the same may be condoned.

3. Heard learned Counsel appearing for the Appellant and perused the averments made in the IA as well as Office report.

4. Considering the submissions made on behalf of the Appellant and for the reasons mentioned in the IA, which are sufficient, the delay in re- filing the Memo of Appeal is hereby condoned.

5. As prayed, list the case before the Hon'ble Bench under the heading 'for admission (fresh case)'.

6. With the aforesaid order, this IA stands disposed of.

(Peeush Pandey) Registrar

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