https://www.taxtmi.com/caselaws?id=447389 The NCLAT dismissed an appeal seeking condonation of 15-day delay in filing. The appellant, holding 85% voting share in Committee of Creditors, was aware of the impugned order on 10.08.2023 but waited for liquidation application outcome before filing appeal. The tribunal rejected appellant's justification that it requested a third party to obtain certified copy, noting NCLAT Rules permit direct application with requisite fee. Citing Supreme Court precedent, the tribunal held that discretionary waiver of procedural requirements doesn't create automatic exception for parties making no timely efforts. The appellant's failure to apply for certified copy within statutory limitation period under Section 61(3) of the Code rendered the appeal time-barred, with insufficient cause shown for delay. en-us Thu, 21 Dec 2023 00:00:00 +0530 Sat, 23 Dec 2023 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447389 The NCLAT dismissed an appeal seeking condonation of 15-day delay in filing. The appellant, holding 85% voting share in Committee of Creditors, was aware of the impugned order on 10.08.2023 but waited for liquidation application outcome before filing appeal. The tribunal rejected appellant's justification that it requested a third party to obtain certified copy, noting NCLAT Rules permit direct application with requisite fee. Citing Supreme Court precedent, the tribunal held that discretionary waiver of procedural requirements doesn't create automatic exception for parties making no timely efforts. The appellant's failure to apply for certified copy within statutory limitation period under Section 61(3) of the Code rendered the appeal time-barred, with insufficient cause shown for delay. Case-Laws Insolvency and Bankruptcy Thu, 21 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447389