https://www.taxtmi.com/caselaws?id=312318 The NCLAT dismissed a condonation of delay application for a 14-day delayed appeal filing. The appellant failed to provide sufficient reasons for the delay beyond their control and did not disclose the belated filing during multiple hearings. Under Section 61 of the IBC, appeals must be filed within 30 days, with a maximum 15-day extension possible only upon showing sufficient cause. The court found no plausible reasons and noted the appellant's failure to bring certified copies, instead filing an exemption application, leading to dismissal of the condonation application. en-us Fri, 22 Sep 2023 00:00:00 +0530 Mon, 12 Feb 2024 05:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312318 The NCLAT dismissed a condonation of delay application for a 14-day delayed appeal filing. The appellant failed to provide sufficient reasons for the delay beyond their control and did not disclose the belated filing during multiple hearings. Under Section 61 of the IBC, appeals must be filed within 30 days, with a maximum 15-day extension possible only upon showing sufficient cause. The court found no plausible reasons and noted the appellant's failure to bring certified copies, instead filing an exemption application, leading to dismissal of the condonation application. Case-Laws Insolvency and Bankruptcy Fri, 22 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312318