The National Company Law Tribunal (NCLT) has released a Circular on 4th August 2023, highlighting the pending petitions and applications within the E-Filing system, which were submitted prior to 30th June 2023. These cases lack subsequent actions or follow-ups. In this regard, the NCLT urges concerned parties and their legal representatives to proactively engage in follow-up actions and prosecution of these cases within a 21-day timeframe, ending on 25th August 2023.
The circular emphasizes the importance of taking swift and effective actions in relation to pending electronic filings. The objective is to ensure that these cases do not remain dormant in the system and are moved forward through necessary legal procedures. This proactive approach is essential for maintaining the integrity and efficiency of the resolution process.
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It’s imperative for all stakeholders, including parties and advocates involved, to recognize the significance of timely response. Neglecting to pursue these pending cases within the specified timeline will lead to the categorization of these files as ‘not pursued’, ultimately resulting in their archival.
In the realm of corporate resolution proceedings, consistent and diligent case management plays a crucial role in achieving fair and efficient outcomes. The NCLT’s directive underscores the need for proactive engagement in the resolution process, ensuring that pending cases are actively addressed within the designated timeframe.
