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2023 (7) TMI 1362 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, CHENNAI BENCHSeeking Condonation of Delay of 43 days in filing of the present Appeal - Sufficient cause for delay or not - HELD THAT:- In case of expiry of the statutory period of the 45 days, proviso to Section 421(3), further provides a period of 45 days for a litigant to file the Appeal after showing sufficient cause for not approaching the Court within the statutory period provided under Section 421(1) and can maintain the Appeal provided it is proved that he could not approach the Court within a prescribed time due to a sufficient cause. Hence, the sufficient cause is a Sine-Qua-Non for the purpose of entertaining an Application and granting Condonation of Delay in such cases - On considering the arguments of the Counsel for the Appellant and after perusal of the averments made in the Application, the considered opinion is that the reason given in the Application do not constitute sufficient cause because the Appellant had been seeking under unnecessary beliefs. The present Application is hereby dismissed.
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