Limitation under insolvency appeal rules bars condonation beyond the statutory outer limit, making the appeal not maintainable.

An insolvency appeal filed beyond the outer limit of condonable delay under Section 61(2) of the Insolvency and Bankruptcy Code, 2016 was held not maintainable, as the statute permits condonation only within the prescribed additional period. The tribunal therefore found no power to grant relief where the filing exceeded that limit and dismissed the appeal on limitation grounds. A separate request to intervene in a connected appeal was allowed.

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Issues: Whether the appeal, filed beyond the permissible period of delay under the insolvency appellate limitation regime, was maintainable.

Analysis: The delay in filing the appeal exceeded the outer limit that could be condoned under Section 61(2) of the Insolvency and Bankruptcy Code, 2016. Since the statute restricts condonation only up to the prescribed additional period, no relief could be granted in an appeal filed beyond that limit. A separate prayer to intervene in another pending appeal was allowed.

Conclusion: The appeal was not maintainable on limitation grounds and was dismissed. The request to intervene in the connected appeal was allowed.

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