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2021 (6) TMI 160 - Tri - Insolvency and BankruptcyRestoration of main application - condonation of delay of 326 days in filing of this present restoration application - condonation of delay of 03 days in filing of the Main Application - HELD THAT:- The cause shown for the delay in filing of the instant application appears to be genuine and bona fide. There is no inaction or negligence or want of bona fide. The delay is purely on the part of formalities which are to be mandatorily undertaken by the Applicant. Thereby, it causes delay of 326 days in filing the instant application for restoration of IA 140 of 2020. It is pertinent to mention herein that there was also delay of 3 days in filing of IA 140 of 2020 for which the Applicant has already made a prayer for condonation, as such the same will be considered at the time of adjudication of IA 140 of 2020 - Instant application is allowed by condoning the delay of 326 days. Application allowed.
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