IBC appeal limitation begins on pronouncement, and filing beyond the 45-day outer limit is not condonable.

Section 61(2) of the Insolvency and Bankruptcy Code permits an appeal within 30 days, with a further condonable period of up to 15 days only. Limitation runs from the date of pronouncement of the order in open court, not from uploading of the order or receipt of a certified copy. On the stated dates, the impugned order was pronounced on 21.04.2025 and there was no material to displace that finding. As the appeal was filed beyond the outer limit of 45 days, the statute provided no scope for further condonation and the appeal was held time-barred and not maintainable.

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Issues: Whether the appeal was filed within the period of limitation prescribed under Section 61(2) of the Insolvency and Bankruptcy Code, 2016, or within the condonable period.

Analysis: The statutory scheme under Section 61(2) allows an appeal within 30 days, with a further condonable period not exceeding 15 days. Limitation commences from the date of pronouncement of the order in open court, not from the date of uploading or receipt of a certified copy. The record showed that the impugned order was delivered on 21.04.2025, and there was no material to dislodge the conclusion that it was pronounced on that date. Uploading of the order was only an administrative act and did not postpone the running of limitation. On the admitted dates, the appeal was instituted beyond the outer limit of 45 days, and the statute left no scope for condonation beyond that period.

Conclusion: The appeal was time-barred and not maintainable.

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