Limitation for an appeal under the Insolvency and Bankruptcy Code against an NCLAT order runs from pronouncement of the order. The prescribed 45-day period, with a maximum 15-day condonable extension, establishes an absolute 60-day limit. Section 12(2) of the Limitation Act excludes only the time from applying for a certified copy until it becomes available; delay in applying remains countable. Obtaining a copy cannot defer limitation, and delay beyond the outer limit cannot be condoned.
Limitation for an appeal under the Insolvency and Bankruptcy Code against an NCLAT order runs from pronouncement of the order. The prescribed 45-day period, with a maximum 15-day condonable extension, establishes an absolute 60-day limit. Section 12(2) of the Limitation Act excludes only the time from applying for a certified copy until it becomes available; delay in applying remains countable. Obtaining a copy cannot defer limitation, and delay beyond the outer limit cannot be condoned.
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TaxTMI 
TaxTMI 
