Appeal Dismissed for Filing Late: Understanding Section 61(2)

The Supreme Court affirmed the National Company Law Appellate Tribunal's ruling to dismiss an appeal filed outside the condonable period under Section 61(2) of the Insolvency and Bankruptcy Code, 2016. The appellant was allowed to approach the National Company Law Tribunal under Rule 11 but the appeal was later dismissed.

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The Supreme Court upheld the National Company Law Appellate Tribunal's decision to reject an appeal filed beyond the condonable period under Section 61(2) of the Insolvency and Bankruptcy Code, 2016. The appellant was granted liberty to move the National Company Law Tribunal under Rule 11. The appeal was ultimately dismissed.

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