https://www.taxtmi.com/caselaws?id=750645 NCLAT dismissed delay condonation applications filed 223/230 days after the impugned order dated 24th April, 2023. The tribunal held that under Section 61(2) of IBC, limitation period commences from the date of order pronouncement, not from when appellant gained knowledge of it, following SC precedent in Safire Technologies. Appellants' claims of ignorance about CIRP process and inability to file claims were rejected as insufficient grounds for condoning delay beyond the condonable period. Similar applications by other appellants against the same order were also rejected for excessive delay beyond 15 days. en-us Fri, 22 Mar 2024 00:00:00 +0530 Tue, 26 Mar 2024 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750645 NCLAT dismissed delay condonation applications filed 223/230 days after the impugned order dated 24th April, 2023. The tribunal held that under Section 61(2) of IBC, limitation period commences from the date of order pronouncement, not from when appellant gained knowledge of it, following SC precedent in Safire Technologies. Appellants' claims of ignorance about CIRP process and inability to file claims were rejected as insufficient grounds for condoning delay beyond the condonable period. Similar applications by other appellants against the same order were also rejected for excessive delay beyond 15 days. Case-Laws Insolvency and Bankruptcy Fri, 22 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750645