https://www.taxtmi.com/caselaws?id=305504 The Appellate Tribunal dismissed the appeal filed by ex-promoters challenging the order initiating liquidation proceedings, citing lack of genuine interest in timely filing. The Tribunal rejected the condonation of delay application, emphasizing the importance of adhering to the 30-day limitation period for filing an appeal. It clarified that the limitation period commences from the date of passing of the order, not from the date of party's knowledge. The Tribunal found the Appellant's delay in seeking the certified copy of the order and active participation in the proceedings as indicative of their lack of genuine intent, leading to the dismissal of the appeal and delay condonation application. en-us Fri, 15 Jul 2022 00:00:00 +0530 Thu, 08 Dec 2022 09:42:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305504 The Appellate Tribunal dismissed the appeal filed by ex-promoters challenging the order initiating liquidation proceedings, citing lack of genuine interest in timely filing. The Tribunal rejected the condonation of delay application, emphasizing the importance of adhering to the 30-day limitation period for filing an appeal. It clarified that the limitation period commences from the date of passing of the order, not from the date of party's knowledge. The Tribunal found the Appellant's delay in seeking the certified copy of the order and active participation in the proceedings as indicative of their lack of genuine intent, leading to the dismissal of the appeal and delay condonation application. Case-Laws Insolvency and Bankruptcy Fri, 15 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305504