https://www.taxtmi.com/caselaws?id=435892 The Appellate Tribunal dismissed the application for condonation of delay in filing the appeal under Section 7 of the Insolvency and Bankruptcy Code, 2016. Despite the Appellant's health issues and genuine reasons for the delay, the Tribunal emphasized the strict timelines outlined in the Code and the limited scope for extensions. Citing precedent cases, the Tribunal held that delays beyond the prescribed 45-day period, including a 15-day extension, are not condonable. Consequently, the Tribunal lacked jurisdiction to condone the delay, resulting in the dismissal of the main appeal without costs awarded. en-us Tue, 28 Mar 2023 00:00:00 +0530 Wed, 29 Mar 2023 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435892 The Appellate Tribunal dismissed the application for condonation of delay in filing the appeal under Section 7 of the Insolvency and Bankruptcy Code, 2016. Despite the Appellant's health issues and genuine reasons for the delay, the Tribunal emphasized the strict timelines outlined in the Code and the limited scope for extensions. Citing precedent cases, the Tribunal held that delays beyond the prescribed 45-day period, including a 15-day extension, are not condonable. Consequently, the Tribunal lacked jurisdiction to condone the delay, resulting in the dismissal of the main appeal without costs awarded. Case-Laws Insolvency and Bankruptcy Tue, 28 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435892