Appeals under insolvency law follow strict limitation, limited grounds, and a time-bound appellate disposal framework. Appeals from orders of the Adjudicating Authority under this part lie to the National Company Law Appellate Tribunal, notwithstanding anything inconsistent in the Companies Act, 2013. The appeal must ordinarily be filed within thirty days, with a further extension of up to fifteen days available only on sufficient cause. Specific challenges to resolution plan approval, liquidation orders, and initiation of corporate insolvency resolution process are confined to limited grounds such as contravention of law, material irregularity, fraud, and non-compliance with prescribed requirements. The Appellate Tribunal must 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.
Appeals under insolvency law follow strict limitation, limited grounds, and a time-bound appellate disposal framework.
Appeals from orders of the Adjudicating Authority under this part lie to the National Company Law Appellate Tribunal, notwithstanding anything inconsistent in the Companies Act, 2013. The appeal must ordinarily be filed within thirty days, with a further extension of up to fifteen days available only on sufficient cause. Specific challenges to resolution plan approval, liquidation orders, and initiation of corporate insolvency resolution process are confined to limited grounds such as contravention of law, material irregularity, fraud, and non-compliance with prescribed requirements. The Appellate Tribunal must dispose of the appeal within three months from receipt.
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