Statutory limitation under the Insolvency and Bankruptcy Code bars condonation once the outer filing period expires.

An appeal under the Insolvency and Bankruptcy Code, 2016 must be filed within 30 days, with a further 15-day condonable period on sufficient cause. Once the outer limit of 45 days expires, the Appellate Tribunal has no jurisdiction to extend limitation further. The document therefore states that delay beyond that statutory maximum cannot be condoned and the appeal is barred by limitation.

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Issues: Whether the delay in filing the appeal beyond the statutory period, including the maximum condonable period, could be condoned and the appeal entertained.

Analysis: The appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 had to be filed within thirty days, with a further condonable period of fifteen days if sufficient cause was shown. On the facts, the appeal was filed after expiry of the outer limit of forty-five days. Once that period elapsed, the Appellate Tribunal had no jurisdiction to extend limitation further.

Conclusion: The delay could not be condoned and the appeal was barred by limitation.

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