https://www.taxtmi.com/caselaws?id=434749 The Tribunal dismissed the appeal seeking condonation of a 493-day delay in filing under Section 61 of the Insolvency and Bankruptcy Code, 2016. The Appellant's argument for excluding the moratorium period was rejected, emphasizing the protection of Corporate Debtors during the moratorium. Despite relying on precedent, the Tribunal clarified that the exclusion of the moratorium period applied to specific proceedings under a different act, not the present case. With the limited condonation provision, the delay could not be excused, leading to the dismissal of the application for condonation of delay and rejection of the memo of appeal without costs. en-us Tue, 28 Feb 2023 00:00:00 +0530 Fri, 03 Mar 2023 08:37:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434749 The Tribunal dismissed the appeal seeking condonation of a 493-day delay in filing under Section 61 of the Insolvency and Bankruptcy Code, 2016. The Appellant's argument for excluding the moratorium period was rejected, emphasizing the protection of Corporate Debtors during the moratorium. Despite relying on precedent, the Tribunal clarified that the exclusion of the moratorium period applied to specific proceedings under a different act, not the present case. With the limited condonation provision, the delay could not be excused, leading to the dismissal of the application for condonation of delay and rejection of the memo of appeal without costs. Case-Laws Insolvency and Bankruptcy Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434749