https://www.taxtmi.com/caselaws?id=312347 The NCLAT dismissed an application for condonation of 12 days delay in filing an appeal. Under Section 61(2) of the Insolvency and Bankruptcy Code, appeals must be filed within 30 days, with a maximum extension of 15 days for sufficient cause. The SC in National Spot Exchange Limited established that appellate authorities cannot condone delays beyond 15 days. The appellant failed to provide sufficient cause for the delay, merely stating lack of knowledge about the order despite filing only 3 days before the extended deadline expired. The tribunal found the appellant pursued litigation casually without justifiable reasons, dismissing the application as devoid of merit. en-us Wed, 26 Jul 2023 00:00:00 +0530 Tue, 13 Feb 2024 10:05:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312347 The NCLAT dismissed an application for condonation of 12 days delay in filing an appeal. Under Section 61(2) of the Insolvency and Bankruptcy Code, appeals must be filed within 30 days, with a maximum extension of 15 days for sufficient cause. The SC in National Spot Exchange Limited established that appellate authorities cannot condone delays beyond 15 days. The appellant failed to provide sufficient cause for the delay, merely stating lack of knowledge about the order despite filing only 3 days before the extended deadline expired. The tribunal found the appellant pursued litigation casually without justifiable reasons, dismissing the application as devoid of merit. Case-Laws Insolvency and Bankruptcy Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312347