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Issues: Whether the delay in filing the appeals under Section 61 of the Insolvency and Bankruptcy Code, 2016 beyond the statutory period of thirty days and the further condonable period of fifteen days could be condoned for the appellants.
Analysis: The impugned orders were dated 03.02.2025 and the appellants were informed on 04.02.2025. The statutory 30-day period for filing under Section 61(2) expired on 05.03.2025 and the outer 15-day extension under the proviso expired on 20.03.2025. The applications for certified copies were made after expiry of the 30-day period; therefore the appellants could not claim benefit under Section 12(2) of the Limitation Act, 1963. The Tribunal's jurisdiction to condone delay is strictly limited by statute and cannot extend beyond the 15-day outer limit provided in Section 61(2).
Conclusion: The applications for condonation of delay are dismissed and the appeals are rejected; the Tribunal declined to condone the delay and the result is against the appellants.