https://www.taxtmi.com/caselaws?id=445938 The Tribunal dismissed the Corporate Debtor's appeal due to the failure to file within the prescribed time limit under Section 61 of the Insolvency and Bankruptcy Code, 2016. The application for condonation of a 15-day delay was rejected, as the Tribunal found the health-related reasons unsubstantiated and insufficient. The Tribunal emphasized the strict adherence to the statutory timelines and its lack of jurisdiction to condone delays beyond the specified period. Consequently, both the condonation application and the appeal were dismissed by the NCLAT, Chennai Bench. en-us Fri, 17 Nov 2023 00:00:00 +0530 Thu, 23 Nov 2023 07:33:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445938 The Tribunal dismissed the Corporate Debtor's appeal due to the failure to file within the prescribed time limit under Section 61 of the Insolvency and Bankruptcy Code, 2016. The application for condonation of a 15-day delay was rejected, as the Tribunal found the health-related reasons unsubstantiated and insufficient. The Tribunal emphasized the strict adherence to the statutory timelines and its lack of jurisdiction to condone delays beyond the specified period. Consequently, both the condonation application and the appeal were dismissed by the NCLAT, Chennai Bench. Case-Laws Insolvency and Bankruptcy Fri, 17 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445938