Limitation under the Insolvency and Bankruptcy Code runs from pronouncement of order, not later knowledge of it.

Limitation for filing an appeal under the Insolvency and Bankruptcy Code runs from the date the impugned order is pronounced, not from the date the appellant later acquires knowledge of it. On the stated facts, the order was pronounced on 31.03.2023 and the delay exceeded the condonable period under Section 61 of the Insolvency and Bankruptcy Code, 2016. The delay was therefore not capable of condonation, and the application for condonation of delay, as well as the memo of appeal, were rejected.

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Issues: Whether the delay in filing the appeal could be condoned on the ground that limitation should run from the date on which the appellant came to know of the order.

Analysis: The order impugned had been pronounced on 31.03.2023, and limitation commenced from that date. The date on which the appellant acquired knowledge of the order did not arrest or defer the running of limitation. The delay was beyond the condonable period under Section 61 of the Insolvency and Bankruptcy Code, 2016.

Conclusion: The application for condonation of delay was rejected, and the memo of appeal was also rejected.

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