Appeal dismissed; earlier orders upheld as condonation under Section 61(2) proviso limited to 15 days, filed after 45 days SC dismissed the appeal and upheld the NCLAT orders, finding no reason to interfere. The CESTAT had earlier refused to condone delay under Section 61(2) ...
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Appeal dismissed; earlier orders upheld as condonation under Section 61(2) proviso limited to 15 days, filed after 45 days
SC dismissed the appeal and upheld the NCLAT orders, finding no reason to interfere. The CESTAT had earlier refused to condone delay under Section 61(2) proviso, noting its condonation power extends only to 15 days and the appeal was filed beyond 45 days. The Supreme Court agreed with the lower tribunals' conclusions and dismissed the appeal.
"We find no reason to interfere with the orders of the National Company Law Appellate Tribunal dated 28 July 2023 and 22 September 2023 in IA No 2998 of 2023 in Company Appeal (AT) (Insolvency) No 883 of 2023 and Company Appeal (AT)(Insolvency) No 306 of 2023 with IA Nos 938, 939 and 940 of 2023." The Supreme Court dismissed the appeals and affirmed the NCLAT orders referenced above. The Court applied appellate restraint, declining to disturb the impugned NCLAT decisions in the specified interlocutory application and company appeal proceedings. Relief sought by appellants was denied; consequentially, "The appeals are accordingly dismissed." All pending applications related to these proceedings were disposed of. The decision leaves intact the NCLAT's determinations as recorded in the cited orders and disposes of further procedural or ancillary filings.
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