https://www.taxtmi.com/caselaws?id=423444 The Court interpreted Section 61(2) of the Insolvency and Bankruptcy Code, ruling that appeals against National Company Law Tribunal (NCLT) orders must be filed within 30 days, with a possible 15-day extension by the Appellate Tribunal. The Court emphasized strict adherence to statutory timelines, rejecting a liberal interpretation and emphasizing procedural compliance in insolvency proceedings. The Court found in favor of the appellant, stating that the NCLAT erred in allowing an appeal filed 388 days beyond the statutory timeframe. en-us Fri, 29 Apr 2022 00:00:00 +0530 Tue, 26 May 2026 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423444 The Court interpreted Section 61(2) of the Insolvency and Bankruptcy Code, ruling that appeals against National Company Law Tribunal (NCLT) orders must be filed within 30 days, with a possible 15-day extension by the Appellate Tribunal. The Court emphasized strict adherence to statutory timelines, rejecting a liberal interpretation and emphasizing procedural compliance in insolvency proceedings. The Court found in favor of the appellant, stating that the NCLAT erred in allowing an appeal filed 388 days beyond the statutory timeframe. Case-Laws IBC Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423444