Kuber Infrastructure Realities LLP (Appellant) filed a Section 7 application under the Insolvency and Bankruptcy Code, 2016, before NCLT Mumbai. This application was subsequently rejected by NCLT Mumbai under Rule 63 of NCLT Rules 2016, citing the Appellant's failure to clear defects issued on 26.10.2023 and an unsatisfactory explanation for a 321-day delay in filing a condonation application. The primary defect was related to the non-availability of the NESL certificate, which the NCLT treated as a mandatory requirement.
Kuber Infrastructure Realities LLP (Appellant) filed a Company Petition (CP) under Section 7 of the Insolvency and Bankruptcy Code, 2016, before NCLT Mumbai.
The NCLT Mumbai rejected the CP under Rule 63 of NCLT Rules 2016 via an order dated 11.04.2025.
The NCLT order stated that the Advocate on record failed to clear defects issued in the subject matter on 26.10.2023.
An application under Rule 63, NCLT Rules 2016, was filed on 05th March 2025, seeking condonation of 321 days' delay.
The NCLT found no satisfactory explanation for the delay and deemed the petitioner's approach casual, leading to the rejection of the condonation application.
The Appellant claimed the defects were mainly related to the filing of the NESL certificate, which they argued was not mandatory.
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Kuber Infrastructure Realities LLP (Appellant) filed a Section 7 application under the Insolvency and Bankruptcy Code, 2016, before NCLT Mumbai. This application was subsequently rejected by NCLT Mumbai under Rule 63 of NCLT Rules 2016, citing the Appellant's failure to clear defects issued on 26.10.2023 and an unsatisfactory explanation for a 321-day delay in filing a condonation application. The primary defect was related to the non-availability of the NESL certificate, which the NCLT treated as a mandatory requirement.
Kuber Infrastructure Realities LLP (Appellant) filed a Company Petition (CP) under Section 7 of the Insolvency and Bankruptcy Code, 2016, before NCLT Mumbai.
The NCLT Mumbai rejected the CP under Rule 63 of NCLT Rules 2016 via an order dated 11.04.2025.
The NCLT order stated that the Advocate on record failed to clear defects issued in the subject matter on 26.10.2023.
An application under Rule 63, NCLT Rules 2016, was filed on 05th March 2025, seeking condonation of 321 days' delay.
The NCLT found no satisfactory explanation for the delay and deemed the petitioner's approach casual, leading to the rejection of the condonation application.
The Appellant claimed the defects were mainly related to the filing of the NESL certificate, which they argued was not mandatory.
…The Advocate who filed the present application…
Defects were issued in…