IBC appeal limitation begins on pronouncement, and the statutory outer limit for condonation cannot be extended.

Section 61(2) of the Insolvency and Bankruptcy Code allows an appeal within 30 days, with a further period of up to 15 days only on sufficient cause. Limitation runs from pronouncement where the order is pronounced in open court; uploading or receipt of a certified copy does not defer commencement, although time taken to obtain a certified copy may be excluded if promptly sought. An appeal filed after limitation without a delay-condonation application is not validly instituted until that application is filed. The statutory outer limit of 45 days is absolute, so an appeal beyond that period is barred by limitation.

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Issues: Whether an appeal under Section 61(2) of the Insolvency and Bankruptcy Code can be treated as validly instituted on the date of its filing when it was filed beyond the ordinary limitation period without an accompanying delay-condonation application, and whether the delay exceeded the maximum condonable period.

Analysis: Section 61(2) prescribes thirty days for an appeal, with a further period not exceeding fifteen days available only upon sufficient cause. Limitation commences from pronouncement of the order where it was pronounced in open court; uploading or receipt of a certified copy does not shift that commencement, though time for obtaining a certified copy may be excluded where a timely application is made. An appeal filed beyond limitation without a delay-condonation application is not validly instituted until the supporting application is filed. The statutory outer limit of forty-five days cannot be extended.

Conclusion: The appeal was beyond the maximum condonable period and was barred by limitation.

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