2025 (8) TMI 1076 - SCH - IBC

Appeal dismissed; financial corporate respondent's insolvency petition held within limitation period and declared timely filed

The SC dismissed the appeal, upholding NCLAT's finding that the company petition filed by Respondent No. 1 (the financial corporate respondent) before the ... Time limitation for filing company petition - whether the company petition was filed by the Respondent No. 1 i.e., Rajasthan Financial Corporate before the Adjudicating Authority in time or was hit by limitation? - it was held by NCLAT that 'the Company Petition was filed by the Respondent No. 1 within limitation period before the Adjudicating Authority and was not hit by limitation as alleged by the Appellant. Since, this is the only issue involved in the present appeal, hence there are no merit in the appeal.' HELD THAT:- There are no good ground and reason to interfere with the impugned judgment/order passed by the National Company Law Appellate Tribunal. Appeal dismissed. 'Delay condoned.' The Court declined to disturb the 'impugned judgment/order passed by the National Company Law Appellate Tribunal,' finding 'no good ground and reason to interfere' with that order. Consequently, 'The appeal is, accordingly, dismissed.' All pending application(s), if any, 'shall stand disposed of.' The decision is strictly appellate: condonation of delay was granted as a procedural matter, but on merits the Supreme Court affirmed the NCLAT's disposition and refused to entertain any substantive interference.