# In the matter of Paridhi Finvest Private Limited vs. Value Infracon Buyers Association & Ors.

> SC judgment dated 2024-07-10. Citation: TCN-2024-SC-00056. The case involves a civil appeal against a judgment and order dated 09-02-2024 passed by the…

- **Court:** SC
- **Order date:** 10 Jul 2024
- **Citation:** TCN-2024-SC-00056
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/paridhi-finvest-private-limited-vs-value-infracon-buyers-association-ors-f18cc7da

## Summary

### Background

The case involves a civil appeal against a judgment and order dated 09-02-2024 passed by the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT)(Insolvency) No. 654 of 2022. The appellant, Paridhi Finvest Private Limited, filed the appeal against the respondents, Value Infracon Buyers Association and Anr. The appeal also includes applications for exemption from filing a certified copy of the impugned judgment and for condonation of delay in refiling.

## Facts

Paridhi Finvest Private Limited filed a civil appeal against Value Infracon Buyers Association and Anr. The appeal arose from a judgment and order dated 09-02-2024 passed by the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT)(Insolvency) No. 654 of 2022. The appellant sought exemption from filing a certified copy of the impugned judgment and condonation of delay in refiling the appeal. The Supreme Court considered the appeal and found no reason to interfere with the NCLAT's order, stating that no substantial question of law was involved. The delay in refiling the appeal was condoned. The appeal was subsequently dismissed.

## Issues and analysis

### Issue 1: Whether the delay in refiling …

**Ratio:** The court has the discretion to condone delays in filing or refiling appeals if

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**Reasoning:** The court explicitly stated that the

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**Interpretation:** This indicates the court found sufficient reason to excuse the delay, possibly

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**Application:** The court applied its discretion to condone the delay, allowing the appeal to

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## Parties

- **Judges:** Dr Dhananjaya Y…; J.B. PARD…; +1 more
- **Appellants:** Paridhi Finvest…
- **Respondents:** Value Infracon…
- **Other parties:** Affir…
- **Advocates:** Kunal God…; Kinjal C…; +6 more

## Timeline

- **2024-02-09 — NCLAT Or…**: The National Company Law Appellate Tribunal (NCLAT) passed an order in Company Appeal…
- **2024-07-10 — Supreme Cour…**: The Supreme Court condoned the delay in refiling the appeal and dismissed the appeal,…

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