https://www.taxtmi.com/caselaws?id=385686 The National Company Law Appellate Tribunal, New Delhi, rejected the Application for delay condonation and disposed of the Appeal as time-barred under Section 61 of the Insolvency and Bankruptcy Code, 2016. Despite the provision for condonation of delay up to fifteen days, the Tribunal emphasized adherence to the statutory timeline for filing Appeals, leading to the Appeal being deemed "hopelessly time-barred." This decision highlights the significance of complying with prescribed timelines to uphold the integrity and efficiency of the appellate process in insolvency and bankruptcy cases. en-us Tue, 09 Jul 2019 00:00:00 +0530 Thu, 12 Sep 2019 09:51:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385686 The National Company Law Appellate Tribunal, New Delhi, rejected the Application for delay condonation and disposed of the Appeal as time-barred under Section 61 of the Insolvency and Bankruptcy Code, 2016. Despite the provision for condonation of delay up to fifteen days, the Tribunal emphasized adherence to the statutory timeline for filing Appeals, leading to the Appeal being deemed "hopelessly time-barred." This decision highlights the significance of complying with prescribed timelines to uphold the integrity and efficiency of the appellate process in insolvency and bankruptcy cases. Case-Laws Insolvency and Bankruptcy Tue, 09 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385686