Limitation under the Insolvency and Bankruptcy Code bars condonation beyond 45 days, making a 283-day delay non-entertainable.

An appeal under the Insolvency and Bankruptcy Code had to be filed within 30 days, and the Appellate Tribunal could condone delay only for a further 15 days on sufficient cause. Once the total period of 45 days expired, the Tribunal had no power to extend limitation. A delay of 283 days therefore fell far beyond the statutory maximum and could not be condoned, so the condonation application was dismissed and the appeal could not be entertained.

---

---

Issues: Whether a delay of 283 days in filing the appeal could be condoned under Section 61(2) of the Insolvency and Bankruptcy Code, 2016.

Analysis: Section 61(2) permits an appeal to be filed within 30 days and empowers the Appellate Tribunal to condone delay only up to a further 15 days on sufficient cause being shown. Beyond the total period of 45 days, the Tribunal has no power to extend the limitation period. Since the delay in this case was 283 days, it fell far outside the permissible statutory limit.

Conclusion: The delay was not condonable and the application for condonation of delay was dismissed.

Final Conclusion: The appeal could not be entertained because the statutory limitation under the Insolvency and Bankruptcy Code, 2016 had expired beyond the maximum condonable period.

Ratio Decidendi: The Appellate Tribunal cannot condone delay beyond the maximum period of 45 days prescribed under Section 61(2) of the Insolvency and Bankruptcy Code, 2016, even if sufficient cause is asserted.

---