V-Con Integrated Solutions Pvt. Ltd. filed an appeal challenging the order dated 11.12.2024 passed by the National Company Law Tribunal (NCLT), Indore Bench, which rejected the Appellant's application for restoration of a company petition dismissed for non-prosecution.
The main Company Petition (MP) CP (IB) No. 1 of 2020 was dismissed for non-prosecution by the NCLT on 25.03.2022 due to the non-appearance of counsel.
The Appellant claimed they were unaware of the dismissal until 28.07.2022 while preparing a status report of pending cases.
The Appellant filed a Restoration Application on 13.08.2022, seeking restoration of the main petition.
The NCLT rejected the Restoration Application, leading to the current appeal.
The Respondent argued that the delay in filing the Restoration Application exceeded the prescribed timeline of 30 days and that the reason provided by the Appellant (negligence of counsel) was not a cogent reason for restoration.
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Company Petition (MP)…
The Company Petition…
V-Con Integrated Solutions Pvt. Ltd. filed an appeal challenging the order dated 11.12.2024 passed by the National Company Law Tribunal (NCLT), Indore Bench, which rejected the Appellant's application for restoration of a company petition dismissed for non-prosecution.
The main Company Petition (MP) CP (IB) No. 1 of 2020 was dismissed for non-prosecution by the NCLT on 25.03.2022 due to the non-appearance of counsel.
The Appellant claimed they were unaware of the dismissal until 28.07.2022 while preparing a status report of pending cases.
The Appellant filed a Restoration Application on 13.08.2022, seeking restoration of the main petition.
The NCLT rejected the Restoration Application, leading to the current appeal.
The Respondent argued that the delay in filing the Restoration Application exceeded the prescribed timeline of 30 days and that the reason provided by the Appellant (negligence of counsel) was not a cogent reason for restoration.
…Company Petition (MP)…
The Company Petition…