NCLT Dismisses Logix Infratech Homebuyer Delay Condonation Pleas

NCLT New Delhi dismissed multiple applications seeking condonation of 369-day delay in filing claims during Logix Infratech's CIRP.
The tribunal rejected NOIDA Authority's plea to treat lease rentals as CIRP costs but protected its interests via SRA undertaking.
NCLT upheld RP's rejection of Space Infra Consulting's claim, ruling construction service swaps don't qualify as financial debt.
All applications were decided citing precedent judgments and the time-bound nature of CIRP processes under IBC 2016.