Corporate insolvency appeals are governed by strict limitation periods and narrow statutory grounds before the appellate tribunal. Section 61 of the Insolvency and Bankruptcy Code, 2016 provides a statutory appellate mechanism against orders of the Adjudicating Authority in corporate insolvency matters. A person aggrieved by such an order may appeal to the National Company Law Appellate Tribunal within thirty days, with a further condonable period of up to fifteen days on sufficient cause. The provision also specifies the permissible grounds for challenging approval of a resolution plan and certain liquidation or initiation orders, and requires the Appellate Tribunal to dispose of the appeal within three months from receipt.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Corporate insolvency appeals are governed by strict limitation periods and narrow statutory grounds before the appellate tribunal.
Section 61 of the Insolvency and Bankruptcy Code, 2016 provides a statutory appellate mechanism against orders of the Adjudicating Authority in corporate insolvency matters. A person aggrieved by such an order may appeal to the National Company Law Appellate Tribunal within thirty days, with a further condonable period of up to fifteen days on sufficient cause. The provision also specifies the permissible grounds for challenging approval of a resolution plan and certain liquidation or initiation orders, and requires the Appellate Tribunal to dispose of the appeal within three months from receipt.
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