NCLT dismisses two restoration applications for COMPANY APPEAL (IBC)/9/ND/2024 due to filing beyond the 30-day statutory period and lack of valid grounds.
The applications were filed by Smt Sarita and Shri Felix Methew against Liquidator Jatin Madan to restore an appeal dismissed for non-prosecution on 03.02.2025.
The Tribunal granted a final opportunity in IA/4883/2024, listing it and other IAs for further consideration on 22.07.2026.
The order pertains to insolvency proceedings initiated by Dena Bank against M/s. Kashyap Motors India Pvt. Ltd. under Section 7 of the IBC, 2016.