Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...
Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
SC held that Respondent No. 1's appeal was time-barred under Section 61(2) of the IBC. The limitation period commenced on 07.04.2022 and expired on 07.05.2022, with a maximum statutory period of 45 days. The appeal was filed on 24.05.2022, beyond the prescribed and condonable periods. The NCLAT lacks jurisdiction to condone delays beyond the statutorily defined 30+15 days period. The court emphasized the IBC's strict procedural discipline, which mandates adherence to prescribed timelines to ensure efficient resolution of insolvency proceedings. Consequently, the appeal was dismissed, reinforcing the tribunal's limited power to extend limitation periods.
SC held that Respondent No. 1's appeal was time-barred under Section 61(2) of the IBC. The limitation period commenced on 07.04.2022 and expired on 07.05.2022, with a maximum statutory period of 45 days. The appeal was filed on 24.05.2022, beyond the prescribed and condonable periods. The NCLAT lacks jurisdiction to condone delays beyond the statutorily defined 30+15 days period. The court emphasized the IBC's strict procedural discipline, which mandates adherence to prescribed timelines to ensure efficient resolution of insolvency proceedings. Consequently, the appeal was dismissed, reinforcing the tribunal's limited power to extend limitation periods.
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