IBC appeal limitation runs from pronouncement date; delayed receipt, free copy rules, and vacation do not extend time.

Under Section 61 of the Insolvency and Bankruptcy Code, the limitation period for an appeal runs from the date of pronouncement of the adjudicating order, not from the date of knowledge or receipt of a copy. Only the time needed to obtain a certified copy can be excluded, and the statutory scheme does not allow limitation to wait for a free copy under the Companies Act, 2013. Summer vacation of the tribunal does not extend time where filing remained available during that period. Delay beyond the further condonable period of fifteen days cannot be enlarged in view of binding Supreme Court authority.

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Issues: Whether the appeal under the Insolvency and Bankruptcy Code, 2016 was within limitation and whether delay beyond the statutory condonable period could be excused on the ground that the order was received later and the tribunal was on summer vacation.

Analysis: The limitation period for an appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 runs from the date of pronouncement of the order by the Adjudicating Authority, not from the date of knowledge or receipt of a copy. Only the time requisite for obtaining a certified copy can be excluded. The statutory scheme does not permit awaiting a free copy under the Companies Act, 2013 for computing limitation. The tribunal's summer vacation did not assist the appellant because filing was permitted during the vacation. The delay beyond the further condonable period of fifteen days could not be enlarged in view of the binding Supreme Court rulings.

Conclusion: The delay was not condonable and the appeal was barred by limitation.

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