NCLAT: Without Payment in Discharge of Guarantee, Guarantor Cannot Become Financial Creditor  ||  NCLAT: Application u/s 9 of IBC to be Rejected if Plausibility of Pre-Existing Dispute Established  ||  NCLAT: In Absence of Debt & Default, Application Under Section 7 of IBC Can’t be Admitted  ||  Cal HC: For Maint. Strict Proof of Marriage not Required if Couple Living as Husband & Wife for Long  ||  Ker. HC: When Pay Revised Retrospectively it Should Be Taken Into Account When Calculating Pension  ||  Del. HC: Medical Condition of Epilepsy Cannot be Attributed to One’s Service  ||  Mad. HC: Magic Mushroom Per Se Doesn’t Satisfy Requirement of Narcotic Drug under NDPS Act  ||  Bom. HC: While Enforcing Foreign Awards, Courts Cannot Go into Merits  ||  SC: Recovery on Basis of Statement by Accused before Section 27 Disclosure is Not Admissible  ||  SC: PMLA Accused to File Undertaking if Bail Granted on Ground of Delay in Trial    

Gujarat High Court: Financial Crisis Valid Grounds for Condonation of Delay - (17 Feb 2022)

LIMITATION

Gujarat High Court has held that as the legal settled proposition which has been set-out here-in-above, considering the prevalent economy condition of the parties as well as even of the Country, the financial crisis can be considered to be one of the grounds for condonation of delay.

Tags : GUJARAT HIGH COURT   FINANCIAL CRISIS  

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