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<h1>Appeals Dismissed Due to Excessive Delay Beyond Permissible Period in Insolvency Proceedings under IBC 2016.</h1> The SC dismissed the Civil Appeals, citing a delay of 216 and 141 days in filing, which surpassed the permissible condonable period outlined in Section 62 ... Condonation of delay in filing the Civil Appeals - Section 62 of the Insolvency and Bankruptcy Code 2016 - HELD THAT:- There is a delay of 216 days and 141 days respectively in filing the Civil Appeals. The delay is beyond the maximum period which can be condoned under Section 62 of the Insolvency and Bankruptcy Code 2016. The Civil Appeals are dismissed on the ground of limitation. The Supreme Court dismissed Civil Appeals due to a delay of 216 and 141 days in filing, exceeding the condonable period under Section 62 of the Insolvency and Bankruptcy Code 2016.
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