Appellate limitation under insolvency law: date of pronouncement governs computation, and delay within the condonable limit may be condoned for sufficient cause.

Appellate limitation under the insolvency framework is computed by excluding the date of the impugned order, so limitation runs from the date of pronouncement and not from alleged later knowledge. On that computation, the appeal was delayed by 11 days, which remained within the Tribunal's 15-day condonable limit. The explanation in the application and affidavit was accepted as sufficient cause, and the delay was condoned.

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Issues: Whether the delay in filing the appeal was within the condonable period and whether sufficient cause was shown for condonation.

Analysis: The period for filing the appeal was to be computed by excluding the date of the impugned order under the applicable computation rule. On that basis, the appeal was held to be delayed by only 11 days and therefore within the Tribunal's condonable limit of 15 days under the governing appellate provision. The objection based on alleged date of knowledge was held to be irrelevant because limitation commenced from the date of pronouncement. The Court also found that the explanation offered by the appellant, including the circumstances pleaded in the application and affidavit, constituted sufficient cause for condonation.

Conclusion: The delay was within the condonable period and was condoned.

Final Conclusion: The application for condonation of delay succeeded, and the appeal was directed to proceed further.

Ratio Decidendi: For appellate limitation under the insolvency framework, the date of pronouncement is excluded in computation, the Tribunal may condone delay only within the statutory outer limit, and delay within that limit can be condoned on showing sufficient cause.

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